News headlines about HP (NYSE:HPQ) have been trending somewhat positive on Sunday, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. HP earned a daily sentiment score of 0.80 on their scale. InfoTrie also gave headlines about the computer maker an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected HP’s score:
- Rumor: Leaked HP Reverb G2 Images Show Four-camera Tracking, New Controllers – Road to VR (roadtovr.com)
- Kangra tea can boost immunity against COVID-19, claims HP lab scientist – The Tribune India (tribuneindia.com)
- This is the next gen HP VR headset developed in collaboration with Valve and Microsoft – MSPoweruser – MSPoweruser (mspoweruser.com)
- HP help to justify printer tech nummber to get it legaly #>>> car – Chicago, IL – Patch.com (patch.com)
- The 5 best deals in the HP Memorial Day Sale – Digital Trends (digitaltrends.com)
A number of research analysts have weighed in on the stock. Goldman Sachs Group initiated coverage on shares of HP in a research note on Friday, April 17th. They issued a “sell” rating and a $11.00 target price on the stock. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, February 26th. Longbow Research dropped their price target on shares of HP from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. upgraded shares of HP from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research note on Thursday, March 12th. Finally, Loop Capital dropped their price target on shares of HP from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.33.
HP (NYSE:HPQ) last issued its quarterly earnings results on Monday, February 24th. The computer maker reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.11. The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.64 billion. HP had a net margin of 5.16% and a negative return on equity of 261.23%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, analysts forecast that HP will post 2.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.1762 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, June 9th. HP’s payout ratio is 31.25%.
In other news, insider Tracy S. Keogh sold 121,763 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $23.00, for a total value of $2,800,549.00. Following the transaction, the insider now owns 448,175 shares of the company’s stock, valued at approximately $10,308,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by corporate insiders.
HP Company Profile
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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