News coverage about HP (NYSE:HPQ) has been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HP earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the computer maker an impact score of 45.7506932283113 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Good stocks to great stocks: HP Inc. (HPQ) – Financial Herald (finherald.com)
- Hot Stock in Focus: HP Inc (NYSE: HPQ) – Alpha Beta Stock (alphabetastock.com)
- HP Unveils Smallest Printer for Micro and Small Business (finance.yahoo.com)
- HP, Inc. (HPQ) Tops Q1 EPS by 6c, Revenue Beats, Lifts Guidance (streetinsider.com)
- HP Introduces World’s Smallest Laser Printer in its Class to Fit Any Personal Workspace (it.tmcnet.com)
Shares of HP stock traded down $0.43 during mid-day trading on Thursday, reaching $22.85. The company had a trading volume of 4,394,895 shares, compared to its average volume of 10,622,167. HP has a 12 month low of $17.03 and a 12 month high of $24.75. The stock has a market capitalization of $38,211.19, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.02 and a beta of 1.69. The company has a debt-to-equity ratio of -2.31, a current ratio of 0.91 and a quick ratio of 0.67.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.1393 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.44%. HP’s payout ratio is presently 24.45%.
Several research firms have recently weighed in on HPQ. Citigroup lifted their price objective on shares of HP from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Loop Capital restated a “buy” rating and set a $28.00 price target on shares of HP in a research note on Monday, January 22nd. Maxim Group restated a “hold” rating and set a $25.00 price target on shares of HP in a research note on Wednesday, November 22nd. Susquehanna Bancshares set a $22.00 price objective on shares of HP and gave the stock a “hold” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, February 27th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. HP has a consensus rating of “Buy” and a consensus target price of $23.94.
In other news, insider Ron Coughlin sold 15,000 shares of HP stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $22.50, for a total transaction of $337,500.00. Following the transaction, the insider now directly owns 130,766 shares of the company’s stock, valued at approximately $2,942,235. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marie Myers sold 10,000 shares of HP stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $21.20, for a total value of $212,000.00. Following the transaction, the insider now directly owns 11,966 shares in the company, valued at $253,679.20. The disclosure for this sale can be found here. Insiders have sold 545,699 shares of company stock valued at $12,306,389 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.
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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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