HP Inc. (NYSE:HPQ) Given Average Recommendation of “Reduce” by Analysts

Shares of HP Inc. (NYSE:HPQ) have earned a consensus recommendation of “Reduce” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.5833.

Several research analysts recently commented on the company. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. The Goldman Sachs Group lowered their price objective on HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Bank of America reissued an “underperform” rating and issued a $20.00 price objective (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Barclays lowered their price objective on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a report on Monday, May 4th.

HP Stock Performance

NYSE:HPQ opened at $20.82 on Wednesday. HP has a one year low of $17.56 and a one year high of $29.55. The business’s 50-day simple moving average is $19.62 and its 200 day simple moving average is $21.33. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 5.78 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities research analysts predict that HP will post 2.84 EPS for the current year.

Institutional Trading of HP

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SummitTX Capital L.P. bought a new stake in HP in the first quarter valued at about $3,804,000. OMERS ADMINISTRATION Corp increased its holdings in HP by 26.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 151,593 shares of the computer maker’s stock valued at $2,912,000 after buying an additional 32,129 shares during the last quarter. Lombard Odier Asset Management Switzerland SA increased its holdings in HP by 48.5% in the first quarter. Lombard Odier Asset Management Switzerland SA now owns 503,404 shares of the computer maker’s stock valued at $9,670,000 after buying an additional 164,500 shares during the last quarter. Waverly Advisors LLC increased its holdings in HP by 10.4% in the first quarter. Waverly Advisors LLC now owns 25,225 shares of the computer maker’s stock valued at $485,000 after buying an additional 2,386 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in HP by 54.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,154,680 shares of the computer maker’s stock valued at $22,181,000 after buying an additional 408,830 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

About HP

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.