HP Inc. (NYSE:HPQ) Stock Has Consensus Price Target of $25.77 According to Brokerages

HP Inc. (NYSE:HPQ) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.77.

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Bank of America reaffirmed an “underperform” rating on shares of HP in a report on Thursday, August 27th. UBS Group increased their price target on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Zacks Research upgraded HP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HP in a report on Friday, October 2nd.

HP Trading Down 1.3%

HPQ opened at $29.81 on Friday. HP has a 12-month low of $17.56 and a 12-month high of $36.22. The firm has a 50 day moving average of $31.20 and a two-hundred day moving average of $25.70. The firm has a market capitalization of $26.89 billion, a PE ratio of 11.38, a P/E/G ratio of 1.57 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business’s revenue for the quarter 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. As a group, analysts predict that HP will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David McQuarrie sold 31,572 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider directly owned 8,008 shares of the company’s stock, valued at $257,216.96. This trade represents a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 73,668 shares of company stock worth $2,232,982 over the last quarter. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in HP during the 2nd quarter worth $2,357,757,000. Primecap Management Co. CA purchased a new stake in shares of HP during the second quarter worth $545,984,000. Legal & General Group Plc purchased a new stake in shares of HP during the second quarter worth $180,689,000. Man Group plc acquired a new stake in shares of HP in the second quarter valued at about $149,223,000. Finally, Deutsche Bank AG acquired a new stake in HP in the 2nd quarter valued at about $140,172,000. 77.53% of the stock is owned by institutional investors and hedge funds.

About HP

HP Inc (NYSE: HPQ) is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.

The company’s printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.

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