HP Inc. (NYSE:HPQ) Receives Average Recommendation of “Reduce” from Brokerages

HP Inc. (NYSE:HPQ) has received an average recommendation of “Reduce” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.3077.

A number of equities analysts recently issued reports on HPQ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Evercore dropped their price objective on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 26th. UBS Group set a $24.00 target price on shares of HP in a research report on Wednesday, November 26th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a research report on Monday, December 1st. Finally, Bank of America reiterated an “underperform” rating and set a $20.00 price target (down previously from $26.00) on shares of HP in a research note on Tuesday.

HP Trading Up 2.7%

NYSE:HPQ opened at $19.67 on Monday. HP has a 12 month low of $18.32 and a 12 month high of $35.28. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.30 and a beta of 1.21. The firm has a fifty day simple moving average of $22.12 and a two-hundred day simple moving average of $25.05.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The company had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Equities analysts predict that HP will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s dividend payout ratio is presently 45.28%.

Insider Buying and Selling at HP

In other news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares in the company, valued at $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at approximately $4,196.27. This represents a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 91,969 shares of company stock worth $2,277,993. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of HP

A number of institutional investors and hedge funds have recently modified their holdings of HPQ. Pure Financial Advisors LLC grew its stake in HP by 12.0% in the 2nd quarter. Pure Financial Advisors LLC now owns 10,128 shares of the computer maker’s stock valued at $248,000 after purchasing an additional 1,085 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in HP by 2.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,430 shares of the computer maker’s stock valued at $3,068,000 after buying an additional 2,782 shares during the period. Hilltop National Bank purchased a new stake in HP during the second quarter worth about $138,000. QRG Capital Management Inc. raised its position in HP by 32.6% in the second quarter. QRG Capital Management Inc. now owns 108,901 shares of the computer maker’s stock worth $2,664,000 after acquiring an additional 26,792 shares during the period. Finally, Beacon Financial Advisory LLC boosted its stake in HP by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 24,563 shares of the computer maker’s stock valued at $601,000 after acquiring an additional 682 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other 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.