Several analysts have recently updated their ratings and price targets for HP (NYSE: HPQ):

  • 7/14/2017 – HP had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $21.00 price target on the stock.
  • 7/13/2017 – HP is now covered by analysts at Susquehanna Bancshares Inc. They set a “neutral” rating and a $20.00 price target on the stock.
  • 7/12/2017 – HP was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “The recently released PC shipment data by IDC depicts that HP’s restructuring initiatives such as focus on product innovations, pricing, marketing and sales activities, divestment of non-core assets and cutting jobs to lower costs, are paying off. HP, as per the data compiled by IDC, witnessed year-over-year shipment growth for the first quarter in a row after registering fall for several quarters. Per the report, the downtrend in PC shipments became modest in first-quarter compared with the previous quarters. We believe that the improving trend in PC shipments will benefit the business prospects of HP. Also, HP will revive its printing business and grab a bigger share in the inkjet printer market with the shipping of its A3 multifunction printers. Acquisition of Samsung’s printing business will further support the development and manufacturing of printers. However, pricing pressure and competition from peers remains a concern.”
  • 7/10/2017 – HP was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $21.00 price target on the stock, up previously from $20.00.
  • 7/6/2017 – HP was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 6/26/2017 – HP had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $23.00 price target on the stock.
  • 6/17/2017 – HP was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/5/2017 – HP was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $19.72 price target on the stock.
  • 5/28/2017 – HP had its “outperform” rating reaffirmed by analysts at FBN Securities. They now have a $23.00 price target on the stock, up previously from $19.00.
  • 5/26/2017 – HP had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $14.00 price target on the stock.
  • 5/25/2017 – HP had its price target raised by analysts at BMO Capital Markets from $17.00 to $20.00. They now have a “hold” rating on the stock.
  • 5/25/2017 – HP was given a new $20.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 5/25/2017 – HP had its price target raised by analysts at Mizuho from $15.00 to $20.00. They now have a “neutral” rating on the stock.
  • 5/25/2017 – HP had its price target raised by analysts at Goldman Sachs Group, Inc. (The) from $16.50 to $18.00. They now have a “neutral” rating on the stock.
  • 5/25/2017 – HP had its price target raised by analysts at Royal Bank Of Canada from $20.00 to $21.00. They now have a “sector perform” rating on the stock.
  • 5/25/2017 – HP had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $22.00 price target on the stock, up previously from $20.00.
  • 5/25/2017 – HP had its price target raised by analysts at Bank of America Corporation from $20.00 to $22.00. They now have a “buy” rating on the stock.
  • 5/25/2017 – HP had its price target raised by analysts at Jefferies Group LLC from $17.00 to $18.00. They now have a “hold” rating on the stock.
  • 5/23/2017 – HP had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $19.00 price target on the stock.
  • 5/19/2017 – HP had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $20.00 price target on the stock, up previously from $18.00.

HP Inc (NYSE:HPQ) opened at 18.47 on Tuesday. The firm has a market capitalization of $31.09 billion, a price-to-earnings ratio of 13.06 and a beta of 1.89. HP Inc has a one year low of $13.55 and a one year high of $19.58. The stock has a 50 day moving average of $18.37 and a 200 day moving average of $17.07.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.93 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. HP’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts forecast that HP Inc will post $1.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th were issued a $0.1327 dividend. The ex-dividend date was Monday, June 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.87%. HP’s payout ratio is 37.32%.

In related news, Director Margaret C. Whitman sold 147,976 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $17.92, for a total value of $2,651,729.92. Following the completion of the sale, the director now directly owns 618,865 shares in the company, valued at $11,090,060.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Margaret C. Whitman sold 295,952 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $18.02, for a total transaction of $5,333,055.04. Following the completion of the sale, the director now owns 618,865 shares of the company’s stock, valued at $11,151,947.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 917,383 shares of company stock valued at $16,603,892. 0.62% of the stock is owned by insiders.

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

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