HP Inc. (NYSE:HPQ) Receives $23.33 Average PT from Brokerages

Shares of HP Inc. (NYSE:HPQ) have been given a consensus recommendation of “Reduce” by the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.3333.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. UBS Group lifted their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. TD Cowen upped their price objective on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th.

HP Price Performance

NYSE:HPQ opened at $24.68 on Friday. The company has a market cap of $22.57 billion, a P/E ratio of 9.11, a P/E/G ratio of 4.17 and a beta of 1.17. The firm’s fifty day moving average price is $21.86 and its two-hundred day moving average price is $21.26. HP has a one year low of $17.56 and a one year high of $29.65.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities research analysts expect that HP will post 2.98 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is presently 44.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in shares of HP by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 20,653 shares of the computer maker’s stock valued at $397,000 after acquiring an additional 4,007 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of HP by 47.6% during the first quarter. NewEdge Advisors LLC now owns 336,423 shares of the computer maker’s stock valued at $6,463,000 after acquiring an additional 108,468 shares during the last quarter. First Nebraska Trust Co bought a new position in shares of HP during the first quarter valued at $1,513,000. Groupe la Francaise lifted its holdings in shares of HP by 14.9% during the first quarter. Groupe la Francaise now owns 203,459 shares of the computer maker’s stock worth $3,908,000 after purchasing an additional 26,339 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of HP during the first quarter worth $796,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

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.