Citigroup Lowers HP (NYSE:HPQ) Price Target to $20.00

HP (NYSE:HPQ) had its target price decreased by Citigroup from $22.00 to $20.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the computer maker’s stock. Citigroup’s target price would suggest a potential upside of 7.26% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group set a $24.00 target price on shares of HP in a research report on Wednesday, November 26th. TD Cowen dropped their price target on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, Morgan Stanley cut their price target on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, HP has a consensus rating of “Reduce” and a consensus price target of $24.15.

HP Trading Down 3.2%

HP stock traded down $0.61 during trading on Tuesday, hitting $18.65. 6,795,028 shares of the company were exchanged, compared to its average volume of 18,975,031. The company has a market capitalization of $17.12 billion, a P/E ratio of 7.04, a PEG ratio of 0.30 and a beta of 1.21. The business’s 50 day moving average is $21.41 and its 200 day moving average is $24.79. HP has a 52 week low of $18.26 and a 52 week high of $35.28.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Equities analysts expect that HP will post 3.56 EPS for the current year.

Insider Transactions at HP

In other news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the sale, the insider owned 34,572 shares of the company’s stock, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the sale, the insider owned 169 shares in the company, valued at $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 91,969 shares of company stock worth $2,277,993 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of HP

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in HP by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. State Street Corp lifted its holdings in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after acquiring an additional 2,651,623 shares during the last quarter. Dodge & Cox grew its position in HP by 4.6% in the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after acquiring an additional 1,537,945 shares in the last quarter. Geode Capital Management LLC increased its stake in HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after acquiring an additional 274,033 shares during the last quarter. Finally, Invesco Ltd. raised its position in HP by 15.9% during the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after purchasing an additional 1,806,246 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

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.