HP Inc. (NYSE:HPQ) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday, July 25th.
HPQ has been the topic of a number of other research reports. UBS AG restated a “buy” rating and set a $20.00 target price (up previously from $18.00) on shares of HP in a research note on Monday, April 3rd. Citigroup Inc. upgraded shares of HP from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.54 to $20.00 in a research note on Wednesday, April 12th. Morgan Stanley lifted their target price on shares of HP from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, April 18th. Barclays PLC upgraded shares of HP from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $22.00 in a research note on Wednesday, April 19th. Finally, Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, April 25th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $19.89.
HP (NYSE HPQ) remained flat at $18.90 during trading on Tuesday. 6,609,939 shares of the company traded hands. The firm has a 50-day moving average price of $18.53 and a 200-day moving average price of $17.82. HP has a 12-month low of $13.55 and a 12-month high of $19.58. The company has a market cap of $31.82 billion, a P/E ratio of 13.37 and a beta of 1.90.
HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. Equities analysts expect that HP will post $1.64 earnings per share for the current year.
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In related news, Director Margaret C. Whitman sold 443,920 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $19.32, for a total transaction of $8,576,534.40. Following the completion of the sale, the director now owns 692,849 shares of the company’s stock, valued at $13,385,842.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret C. Whitman sold 221,960 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $19.36, for a total transaction of $4,297,145.60. Following the sale, the director now directly owns 692,849 shares of the company’s stock, valued at approximately $13,413,556.64. The disclosure for this sale can be found here. Insiders have sold 1,748,815 shares of company stock valued at $32,623,560 in the last three months. 0.62% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in HP by 19.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after buying an additional 1,013 shares during the last quarter. American Beacon Advisors Inc. bought a new position in shares of HP during the first quarter worth about $112,000. CWM LLC raised its position in shares of HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after buying an additional 675 shares during the last quarter. Finally, First Command Bank raised its position in shares of HP by 80.0% in the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after buying an additional 2,984 shares during the last quarter. 78.97% of the stock is owned by institutional investors.
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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