HP Inc. (NYSE:HPQ) Stock Has Average Price Target of $26.30 According to Brokerages

HP Inc. (NYSE:HPQ) has earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.30.

A number of research analysts recently commented on HPQ shares. Morgan Stanley upped their price target on shares of HP from $17.00 to $19.00 in a research note on Thursday, August 27th. HSBC lifted their target price on shares of HP from $29.60 to $33.80 and gave the stock a “buy” rating in a research note on Monday, August 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $32.00 price objective (up from $27.00) on shares of HP in a research report on Thursday, August 27th. The Goldman Sachs Group raised their target price on shares of HP from $21.00 to $22.00 and gave the company a “sell” rating in a research note on Monday, August 31st. Finally, TD Cowen upped their price objective on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 27th.

HP Price Performance

Shares of HPQ stock opened at $28.49 on Wednesday. The stock has a market capitalization of $25.70 billion, a PE ratio of 10.88, a P/E/G ratio of 1.55 and a beta of 1.16. HP has a 1-year low of $17.56 and a 1-year high of $36.22. The business has a 50-day moving average of $31.65 and a 200 day moving average of $24.75.

HP (NYSE:HPQ) last released its 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. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Analysts anticipate that HP will post 3.23 EPS for the current year.

Insider Buying and Selling

In related news, insider Anneliese Olson sold 18,997 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, valued at $5,502.64. The trade was a 99.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David P. Mcquarrie sold 31,572 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the transaction, the insider directly owned 8,008 shares in the company, valued at $257,216.96. The trade was a 79.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On HP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Werba Rubin Papier Wealth Management grew its position in shares of HP by 2.2% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 16,514 shares of the computer maker’s stock valued at $517,000 after acquiring an additional 361 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HP by 10.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after purchasing an additional 467 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock valued at $1,772,000 after buying an additional 491 shares during the period. Founders Financial Securities LLC raised its stake in HP by 0.8% in the 3rd quarter. Founders Financial Securities LLC now owns 62,324 shares of the computer maker’s stock worth $1,949,000 after acquiring an additional 496 shares during the last quarter. Finally, Cullinan Associates Inc. grew its holdings in HP by 0.3% in the second quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker’s stock valued at $4,154,000 after purchasing an additional 540 shares during the period. 77.53% of the stock is owned by institutional investors.

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers.

The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.