HP (NYSE:HPQ) Downgraded to Underweight Rating by Barclays

HP (NYSE:HPQ) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued on Friday, MarketBeat.com reports. They currently have a $18.00 price target on the computer maker’s stock. Barclays‘s price target points to a potential downside of 11.72% from the stock’s current price.

Several other research firms also recently weighed in on HPQ. Sanford C. Bernstein reiterated a “market perform” rating on shares of HP in a research note on Monday, December 1st. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Morgan Stanley lowered their target price on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price target on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Finally, UBS Group set a $24.00 price target on HP in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

HP Price Performance

NYSE:HPQ opened at $20.39 on Friday. The company has a market capitalization of $18.72 billion, a P/E ratio of 7.69, a P/E/G ratio of 3.86 and a beta of 1.21. The business has a fifty day simple moving average of $23.46 and a two-hundred day simple moving average of $25.66. HP has a 1 year low of $19.98 and a 1 year high of $35.28.

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

Insider Buying and Selling

In other news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider owned 169 shares in the company, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the transaction, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at $3,677,856. The trade was a 22.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 110,123 shares of company stock worth $2,784,126 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HP

Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of HP by 44.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 160,295 shares of the computer maker’s stock valued at $3,921,000 after buying an additional 49,568 shares in the last quarter. Swedbank AB increased its stake in HP by 14.8% in the second quarter. Swedbank AB now owns 805,678 shares of the computer maker’s stock valued at $19,707,000 after acquiring an additional 103,676 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in HP by 7.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 365,000 shares of the computer maker’s stock valued at $8,928,000 after purchasing an additional 24,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in HP by 10.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 281,761 shares of the computer maker’s stock valued at $7,326,000 after purchasing an additional 27,669 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in HP by 7.0% during the second quarter. Moody National Bank Trust Division now owns 16,364 shares of the computer maker’s stock worth $400,000 after purchasing an additional 1,069 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: MarketBeat highlights HPQ as a low P/E, high-yield candidate that could rebound as DRAM supply/cost dynamics normalize and dividend support attracts income investors; the piece argues upside potential if sentiment stabilizes. 3 Low P/E Stocks: Separating Multibaggers From a Value Trap
• Positive Sentiment: HP’s Metal Jet business gets a small operational boost: INDO‑MIM qualified Continuum Powders’ OptiPowder Ni718 for production on HP Metal Jet systems, expanding U.S. industrial use cases and supporting industrial revenue potential. INDO‑MIM Qualifies Continuum Powders’ OptiPowder Ni718 on HP Metal Jet Systems
• Neutral Sentiment: Bank of America Securities kept a Hold rating and a $26 price target, signaling no change in the analyst view but implying upside from current levels if fundamentals stabilize. Bank of America Securities Maintains Hold Rating on HP Inc. (HPQ) Stock
• Negative Sentiment: Barclays downgraded HP to underweight and cut its price target to $18 (from $24), citing secular challenges and a “lack of catalyst” — a key driver of today’s selloff as it signals lower near-term expectations. Barclays cuts HPQ on secular challenges and a ’lack of catalyst’
• Negative Sentiment: Raymond James also downgraded HP to Sell, adding to analyst momentum to the downside and increasing downward pressure on sentiment. Raymond James downgrades HP (HPQ) to a Sell
• Negative Sentiment: Multiple analyst downgrades produced an early pre‑market drop (~3%), reflecting coordinated sell-side concern about near-term growth and margin risks. HP Inc. Stock (HPQ) Drops 3% Pre-Market as Analysts Downgrade Rating to Sell
• Negative Sentiment: HP hit a 52‑week low amid the selloff, reflecting deteriorating technicals and elevated short-term downside risk. HP stock hits 52-week low at $20.64
• Negative Sentiment: Industry cost headwinds: rising memory prices are benefiting chipmakers but pressuring OEMs including Apple and HP, which could compress margins if costs persist. Soaring Memory Prices Lift Chipmakers, Pressure Apple and HP

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.