HP (NYSE:HPQ)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a report released on Wednesday, November 22nd. They currently have a $25.00 price target on the computer maker’s stock. Deutsche Bank’s price target would indicate a potential upside of 18.60% from the stock’s previous close.
A number of other brokerages also recently weighed in on HPQ. Maxim Group reaffirmed a “hold” rating and set a $25.00 target price on shares of HP in a research note on Wednesday, November 22nd. BMO Capital Markets raised their target price on shares of HP to $23.00 and gave the stock a “positive” rating in a report on Wednesday, November 22nd. Royal Bank Of Canada increased their price target on shares of HP from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Wells Fargo & Company started coverage on shares of HP in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price target on the stock. Finally, Jefferies Group restated a “hold” rating and set a $20.00 price objective on shares of HP in a research report on Sunday, October 8th. Eleven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. HP has a consensus rating of “Buy” and a consensus target price of $21.31.
Shares of HP (HPQ) traded down $0.33 during mid-day trading on Wednesday, reaching $21.08. 12,975,500 shares of the company’s stock were exchanged, compared to its average volume of 10,994,741. HP has a 1-year low of $14.40 and a 1-year high of $22.68. The company has a market cap of $35,760.14, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.27 and a beta of 1.81. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74.
HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same period in the prior year, the business posted $0.36 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. analysts forecast that HP will post 1.79 EPS for the current fiscal year.
In other HP news, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $195,487.50. Following the sale, the insider now directly owns 10,025 shares in the company, valued at approximately $195,487.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jon E. Flaxman sold 271,968 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $21.34, for a total transaction of $5,803,797.12. Following the sale, the chief operating officer now owns 243,096 shares in the company, valued at $5,187,668.64. The disclosure for this sale can be found here. Insiders sold a total of 2,114,153 shares of company stock worth $43,483,119 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Montecito Bank & Trust boosted its stake in shares of HP by 0.3% during the 2nd quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock valued at $303,000 after buying an additional 60 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of HP by 1.1% during the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after buying an additional 85 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of HP by 0.4% during the 2nd quarter. Advisor Partners LLC now owns 43,215 shares of the computer maker’s stock valued at $755,000 after buying an additional 158 shares during the last quarter. Savant Capital LLC raised its position in shares of HP by 0.7% during the 2nd quarter. Savant Capital LLC now owns 24,440 shares of the computer maker’s stock valued at $427,000 after acquiring an additional 164 shares in the last quarter. Finally, National Asset Management Inc. increased its position in HP by 1.4% in the second quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock worth $208,000 after buying an additional 165 shares during the period. 79.98% of the stock is owned by 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.
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