Analysts Set HP Inc. (NYSE:HPQ) Price Target at $23.33

Shares of HP Inc. (NYSE:HPQ) have been given a consensus rating of “Reduce” by the fifteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.3333.

HPQ has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley increased their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th.

HP Trading Up 1.7%

NYSE:HPQ opened at $27.32 on Monday. The stock has a 50 day moving average of $24.69 and a 200-day moving average of $21.41. The firm has a market capitalization of $24.99 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 4.53 and a beta of 1.19. HP has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, analysts predict that HP will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. HP’s dividend payout ratio (DPR) is currently 44.28%.

Insiders Place Their Bets

In other news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total value of $294,461.52. Following the transaction, the insider directly owned 81,676 shares of the company’s stock, valued at $2,285,294.48. This trade represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of HP

Several institutional investors have recently made changes to their positions in HPQ. Garner Asset Management Corp bought a new stake in HP in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP during the 4th quarter valued at $26,000. SHP Wealth Management acquired a new stake in shares of HP in the 4th quarter valued at $26,000. Union Savings Bank acquired a new stake in shares of HP in the 4th quarter valued at $28,000. Finally, DV Equities LLC bought a new stake in HP in the fourth quarter worth $29,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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.