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

HP Inc. (NYSE:HPQ) has received an average recommendation of “Reduce” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.3333.

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. TD Cowen upped their target price on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th.

HP Trading Up 3.6%

HPQ opened at $23.78 on Thursday. The stock’s 50 day simple moving average is $23.29 and its 200-day simple moving average is $21.04. The stock has a market cap of $21.75 billion, a PE ratio of 8.78, a P/E/G ratio of 3.87 and a beta of 1.19. HP has a 1 year low of $17.56 and a 1 year high of $29.65.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider directly owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HP

Several large investors have recently made changes to their positions in HPQ. Garner Asset Management Corp acquired a new position in HP in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in HP during the fourth quarter worth about $26,000. SHP Wealth Management acquired a new stake in shares of HP during the fourth quarter worth approximately $26,000. Sound Income Strategies LLC increased its holdings in shares of HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after buying an additional 646 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of HP in the fourth quarter valued at approximately $28,000. Institutional investors own 77.53% of the company’s stock.

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.