Wall Street Zen Downgrades HP (NYSE:HPQ) to Hold

HP (NYSE:HPQ) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

HPQ has been the subject of a number of other research reports. Zacks Research raised shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. UBS Group raised their target price on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. The Goldman Sachs Group lifted their price target on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Barclays boosted their price target on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $32.00 price objective on shares of HP in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.77.

HP Trading Down 0.0%

NYSE:HPQ opened at $31.30 on Friday. HP has a 1 year low of $17.56 and a 1 year high of $36.22. The stock has a 50-day moving average price of $30.08 and a two-hundred day moving average price of $24.71. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.63 and a beta of 1.18.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that HP will post 3.23 earnings per share for the current year.

Insider Activity

In related news, insider David McQuarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 42,096 shares of company stock worth $1,218,890. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On HP

Institutional investors and hedge funds have recently bought and sold shares of the company. Callan Family Office LLC bought a new position in HP in the 2nd quarter valued at $3,029,000. BlackRock Inc. bought a new stake in shares of HP during the 2nd quarter worth $2,357,757,000. BNP Paribas raised its stake in shares of HP by 8,978.0% during the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after purchasing an additional 128,296 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of HP in the 4th quarter worth about $7,939,000. Finally, O Shaughnessy Asset Management LLC grew its position in HP by 19.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,363,793 shares of the computer maker’s stock valued at $30,385,000 after buying an additional 217,428 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.