Somewhat Favorable News Coverage Somewhat Unlikely to Impact HP (HPQ) Stock Price

News headlines about HP (NYSE:HPQ) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HP earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the computer maker an impact score of 45.7506932283113 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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HPQ stock opened at $21.92 on Friday. HP has a 1-year low of $17.10 and a 1-year high of $24.75. 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 firm has a market capitalization of $35,601.40, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.88 and a beta of 1.69.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 22nd. The computer maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. HP had a negative return on equity of 82.30% and a net margin of 7.15%. The firm had revenue of $14.52 billion during the quarter, compared to analyst estimates of $13.47 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. research analysts anticipate that HP will post 1.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.54%. HP’s dividend payout ratio (DPR) is presently 24.45%.

A number of research firms recently commented on HPQ. Zacks Investment Research downgraded HP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. UBS boosted their price target on HP from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, January 16th. Barclays cut HP from an “overweight” rating to an “equal weight” rating and set a $23.00 target price on the stock. in a report on Wednesday, January 17th. Citigroup increased their price target on HP from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Loop Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of HP in a research report on Monday, January 22nd. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.94.

In other HP news, insider Enrique Lores sold 302,893 shares of the stock in a transaction on 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 owns 88,901 shares of the company’s stock, valued at approximately $2,072,282.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ron Coughlin sold 15,000 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $22.50, for a total value of $337,500.00. Following the sale, the insider now directly owns 130,766 shares in the company, valued at approximately $2,942,235. The disclosure for this sale can be found here. Over the last quarter, insiders sold 525,699 shares of company stock worth $11,882,389. Company insiders own 0.25% of the company’s stock.

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About HP

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.

Insider Buying and Selling by Quarter for HP (NYSE:HPQ)

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