HP Inc. (NYSE:HPQ) has been assigned an average rating of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.17.

A number of research firms have recently weighed in on HPQ. Zacks Investment Research raised HP from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Morgan Stanley increased their price objective on HP from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday. ValuEngine raised HP from a “sell” rating to a “hold” rating in a research note on Friday. Wolfe Research lowered HP from an “outperform” rating to a “peer perform” rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Tuesday, May 14th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of HP in a research note on Thursday, February 28th.

Shares of NYSE:HPQ traded up $0.84 during trading on Monday, reaching $20.03. 13,549,780 shares of the company traded hands, compared to its average volume of 11,411,852. The firm has a market cap of $30.72 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 3.22 and a beta of 1.38. HP has a 52-week low of $18.06 and a 52-week high of $27.08.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, May 23rd. The computer maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $14.04 billion during the quarter, compared to analyst estimates of $13.97 billion. HP had a negative return on equity of 216.97% and a net margin of 7.15%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, equities research analysts forecast that HP will post 2.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be paid a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, June 11th. HP’s payout ratio is 31.68%.

In related news, CEO Dion J. Weisler sold 36,799 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.00, for a total value of $735,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Claybrook Capital LLC raised its holdings in HP by 367.8% in the fourth quarter. Claybrook Capital LLC now owns 1,235 shares of the computer maker’s stock worth $25,000 after purchasing an additional 971 shares in the last quarter. Sontag Advisory LLC bought a new position in HP in the fourth quarter worth $26,000. Dubuque Bank & Trust Co. raised its holdings in HP by 1,760.0% in the first quarter. Dubuque Bank & Trust Co. now owns 1,302 shares of the computer maker’s stock worth $25,000 after purchasing an additional 1,232 shares in the last quarter. Gradient Investments LLC raised its holdings in HP by 331.6% in the first quarter. Gradient Investments LLC now owns 1,394 shares of the computer maker’s stock worth $27,000 after purchasing an additional 1,071 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new position in HP in the first quarter worth $27,000. 78.48% of the stock is owned by institutional investors.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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Analyst Recommendations for HP (NYSE:HPQ)

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