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

HP (NYSE:HPQ) had its price target cut by Citigroup from $22.00 to $20.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the computer maker’s stock.

Several other research firms also recently weighed in on HPQ. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. 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. Finally, The Goldman Sachs Group lowered HP from a “neutral” rating to a “sell” rating and set a $21.00 target price on the stock. in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus price target of $23.62.

HP Price Performance

NYSE HPQ opened at $18.33 on Tuesday. The stock has a market capitalization of $16.82 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.29 and a beta of 1.21. The business has a 50 day simple moving average of $20.99 and a 200 day simple moving average of $24.66. HP has a one year low of $18.25 and a one year high of $35.28.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. 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 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Wednesday, March 11th. HP’s payout ratio is presently 45.28%.

Insider Activity

In other HP news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider owned 34,572 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, insider Anneliese Olson sold 16,726 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 91,969 shares of company stock valued at $2,277,993 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HPQ. Garner Asset Management Corp bought a new position in HP during the fourth quarter valued at $25,000. Laurel Wealth Advisors LLC lifted its position in shares of HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after buying an additional 1,009 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of HP during the 4th quarter worth $26,000. Elevation Point Wealth Partners LLC purchased a new stake in HP in the 2nd quarter worth about $27,000. Finally, Sound Income Strategies LLC raised its stake in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after acquiring an additional 646 shares during the period. 77.53% of the stock is owned by 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.