HP (NYSE:HPQ) Rating Lowered to Hold at Wall Street Zen

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

Several other research firms also recently weighed in on HPQ. Royal Bank Of Canada began coverage on HP in a research report on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 target price on the stock. HSBC lifted their price target on HP from $29.60 to $33.80 and gave the stock a “buy” rating in a research note on Monday, August 31st. Bank of America reiterated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. The Goldman Sachs Group increased their price objective on HP from $21.00 to $22.00 and gave the company a “sell” rating in a research note on Monday, August 31st. Finally, Loop Capital raised their price objective on HP from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, August 28th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, HP currently has a consensus rating of “Hold” and an average target price of $26.30.

HP Stock Down 0.4%

Shares of NYSE HPQ opened at $28.33 on Friday. The firm has a market cap of $25.55 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The company’s 50-day simple moving average is $31.61 and its 200-day simple moving average is $24.79. HP has a 52-week low of $17.56 and a 52-week high of $36.22.

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

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 31,572 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the sale, the insider owned 8,008 shares in the company, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HP

A number of institutional investors have recently added to or reduced their stakes in HPQ. Financial Freedom LLC acquired a new stake in shares of HP in the 3rd quarter worth $27,000. North Point Portfolio Managers Corp OH acquired a new position in shares of HP during the 3rd quarter valued at about $28,000. Aberdeen Wealth Management LLC purchased a new stake in shares of HP in the second quarter valued at about $29,000. MCF Advisors LLC grew its holdings in shares of HP by 149.0% in the second quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 800 shares during the period. Finally, Heritage Family Offices LLP acquired a new stake in HP during the third quarter worth about $31,000. Hedge funds and other institutional investors 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 services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers.

The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.