HP Inc. (NYSE:HPQ) Receives Consensus Rating of “Reduce” from Analysts

Shares of HP Inc. (NYSE:HPQ) have been given a consensus recommendation of “Reduce” by the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $21.5833.

Several research analysts recently commented on the company. UBS Group lowered their target price on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Barclays decreased their price objective on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Wells Fargo & Company cut their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Finally, Bank of America reiterated an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd.

HP Stock Down 2.0%

Shares of HPQ stock opened at $19.04 on Tuesday. HP has a 52 week low of $17.56 and a 52 week high of $29.55. The stock has a market capitalization of $17.42 billion, a PE ratio of 7.21, a P/E/G ratio of 5.40 and a beta of 1.18. The firm has a 50 day moving average of $19.04 and a two-hundred day moving average of $23.00.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Analysts expect that HP will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is 45.45%.

Hedge Funds Weigh In On HP

Several large investors have recently bought and sold shares of HPQ. Garner Asset Management Corp purchased a new stake in HP during the 4th quarter worth about $25,000. Laurel Wealth Advisors LLC increased its holdings in shares of HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 1,009 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of HP in the 4th quarter valued at about $26,000. SHP Wealth Management acquired a new stake in shares of HP during the 4th quarter worth about $26,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in HP during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.