Brokerages Set HP Inc. (NYSE:HPQ) Price Target at $21.58

Shares of HP Inc. (NYSE:HPQ) have been given a consensus recommendation of “Reduce” by the seventeen analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $21.5833.

Several equities analysts have weighed in on the company. Citigroup cut their price target on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company cut their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Morgan Stanley lowered their price objective on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Evercore set a $22.00 price objective on HP in a research note on Thursday, February 19th. Finally, UBS Group lowered their price objective on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th.

Institutional Investors Weigh In On HP

Several institutional investors have recently modified their holdings of the stock. Richardson Financial Services Inc. lifted its position in shares of HP by 14.9% during the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after purchasing an additional 367 shares during the last quarter. Auxano Advisors LLC lifted its position in shares of HP by 4.4% during the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after purchasing an additional 391 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of HP by 42.9% during the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after purchasing an additional 405 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in shares of HP by 0.6% during the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

HP Price Performance

NYSE HPQ opened at $19.79 on Friday. The stock has a market capitalization of $18.10 billion, a PE ratio of 7.50, a P/E/G ratio of 5.59 and a beta of 1.11. The business has a 50 day simple moving average of $19.01 and a two-hundred day simple moving average of $22.00. HP has a 1-year low of $17.56 and a 1-year high of $29.55.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. The business had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, analysts anticipate that HP will post 2.84 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, March 11th. HP’s dividend payout ratio (DPR) is presently 45.45%.

HP Company Profile

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.