HP Inc. (HPQ) PT Raised to $18.00
HP Inc. (NYSE:HPQ) had its price objective increased by Deutsche Bank AG from $15.00 to $18.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the computer maker’s stock. Deutsche Bank AG’s target price points to a potential upside of 16.58% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. Sanford C. Bernstein restated an “outperform” rating and set a $15.00 target price on shares of HP in a report on Thursday, June 23rd. Citigroup Inc. restated a “neutral” rating and set a $13.00 target price on shares of HP in a report on Wednesday, June 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $12.00 target price on shares of HP in a report on Tuesday, June 21st. BMO Capital Markets raised their target price on HP from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, August 25th. Finally, FBN Securities restated a “sector perform” rating on shares of HP in a report on Thursday, September 8th. Eighteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.15.
Shares of HP (NYSE:HPQ) opened at 15.44 on Monday. The company has a 50 day moving average price of $14.85 and a 200 day moving average price of $13.43. The company has a market cap of $26.42 billion, a PE ratio of 8.22 and a beta of 1.55. HP has a 52 week low of $8.91 and a 52 week high of $15.88.
HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $11.89 billion for the quarter, compared to analysts’ expectations of $11.44 billion. HP had a return on equity of 106.26% and a net margin of 5.41%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 earnings per share. On average, equities analysts expect that HP will post $1.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th were issued a dividend of $0.124 per share. The ex-dividend date was Monday, September 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.21%. HP’s dividend payout ratio (DPR) is currently 26.74%.
In other news, insider Tracy S. Keogh sold 100,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marie Myers sold 10,269 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $14.55, for a total value of $149,413.95. Following the transaction, the insider now directly owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in HP by 9.5% in the third quarter. Advisory Services Network LLC now owns 9,316 shares of the computer maker’s stock worth $145,000 after buying an additional 807 shares during the period. Cullen Frost Bankers Inc. boosted its position in HP by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock worth $172,000 after buying an additional 2,755 shares during the period. Wealthsource Partners LLC acquired a new position in HP during the first quarter worth approximately $175,000. Wealthfront Inc. boosted its position in HP by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock worth $214,000 after buying an additional 3,638 shares during the period. Finally, Raymond James Trust N.A. boosted its position in HP by 3.4% in the third quarter. Raymond James Trust N.A. now owns 15,483 shares of the computer maker’s stock worth $240,000 after buying an additional 513 shares during the period. 78.54% of the stock is owned by institutional investors.
HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.
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