HP (HPQ) PT Raised to $26.00

HP (NYSE:HPQ) had its price target upped by UBS Group from $24.00 to $26.00 in a research note released on Tuesday, 99wallstreet.com reports. UBS Group currently has a neutral rating on the computer maker’s stock.

Other equities research analysts have also recently issued reports about the company. Guggenheim reiterated a neutral rating on shares of HP in a research note on Monday, October 2nd. Maxim Group reissued a hold rating and issued a $25.00 price objective on shares of HP in a report on Wednesday, November 22nd. Loop Capital reissued a buy rating and issued a $25.00 price objective on shares of HP in a report on Wednesday, November 22nd. Wells Fargo & Co started coverage on HP in a report on Tuesday, November 14th. They issued a market perform rating and a $21.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on HP to $23.00 and gave the company a positive rating in a report on Wednesday, November 22nd. Fourteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $21.71.

HP (NYSE:HPQ) traded up $0.41 during trading on Tuesday, reaching $23.70. The company’s stock had a trading volume of 11,535,622 shares, compared to its average volume of 6,197,452. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. HP has a 52 week low of $14.41 and a 52 week high of $23.79. The stock has a market capitalization of $38,317.36, a PE ratio of 15.91, a PEG ratio of 2.45 and a beta of 1.82.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.36 billion. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. equities research analysts predict that HP will post 1.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a yield of 2.35%. This is a positive change from HP’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, December 12th. HP’s dividend payout ratio (DPR) is 37.58%.

In related news, insider Enrique Lores sold 302,893 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the sale, the insider now directly owns 88,901 shares of the company’s stock, valued at $2,072,282.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kim M. Rivera sold 14,635 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $21.08, for a total value of $308,505.80. Following the sale, the insider now directly owns 79,553 shares in the company, valued at $1,676,977.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,550,570 shares of company stock worth $33,702,662. 0.62% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC boosted its position in HP by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after purchasing an additional 200 shares in the last quarter. Evercore Wealth Management LLC boosted its position in HP by 14.0% during the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after purchasing an additional 836 shares in the last quarter. D.A. Davidson & CO. boosted its position in HP by 1.1% during the second quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock worth $132,000 after purchasing an additional 85 shares in the last quarter. Advisory Services Network LLC boosted its position in HP by 9.8% during the second quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after purchasing an additional 824 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its position in HP by 188.3% during the third quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock worth $161,000 after purchasing an additional 5,262 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

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HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Analyst Recommendations for HP (NYSE:HPQ)

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