Wall Street Zen Upgrades HP (NYSE:HPQ) to Buy

HP (NYSE:HPQ) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other brokerages have also issued reports on HPQ. Morgan Stanley boosted their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Wells Fargo & Company lifted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, TD Cowen increased their target price on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $23.50.

HP Trading Up 0.2%

HPQ opened at $29.76 on Friday. The business’s 50 day moving average is $25.78 and its 200-day moving average is $22.42. The stock has a market cap of $27.22 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. HP has a twelve month low of $17.56 and a twelve month high of $32.19.

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

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HP

Institutional investors and hedge funds have recently modified their holdings of the stock. Garner Asset Management Corp acquired a new position in shares of HP in the 4th quarter worth $25,000. SHP Wealth Management acquired a new stake in shares of HP during the fourth quarter worth $26,000. Union Savings Bank purchased a new stake in shares of HP during the fourth quarter valued at $28,000. DV Equities LLC purchased a new stake in shares of HP during the fourth quarter valued at $29,000. Finally, Aberdeen Wealth Management LLC acquired a new position in shares of HP in the 2nd quarter valued at $29,000. Institutional investors and hedge funds 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.