Brokerages Set HP Inc. (NYSE:HPQ) Target Price at $25.77

Shares of HP Inc. (NYSE:HPQ) have received an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.7692.

HPQ has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Zacks Research upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Bank of America reissued an “underperform” rating on shares of HP in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th.

HP Stock Down 0.6%

Shares of NYSE HPQ opened at $34.45 on Tuesday. The firm’s 50-day moving average price is $29.33 and its 200-day moving average price is $24.22. The company has a market cap of $31.06 billion, a PE ratio of 13.15, a PEG ratio of 1.79 and a beta of 1.18. HP has a 52-week low of $17.56 and a 52-week high of $36.22.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. HP’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts anticipate that HP will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider David McQuarrie sold 21,048 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 42,096 shares of company stock valued at $1,218,890. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On HP

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in HP during the 2nd quarter worth about $2,357,757,000. Geode Capital Management LLC lifted its position in shares of HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares during the period. Primecap Management Co. CA bought a new position in shares of HP during the second quarter valued at approximately $545,984,000. Arrowstreet Capital Limited Partnership increased its holdings in HP by 12.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,427,979 shares of the computer maker’s stock valued at $210,055,000 after buying an additional 1,049,256 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in HP by 3.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after buying an additional 254,828 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.