Analysts Set HP Inc. (NYSE:HPQ) Price Target at $22.23

HP Inc. (NYSE:HPQ) has received a consensus rating of “Reduce” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.5833.

A number of brokerages have recently commented on HPQ. TD Cowen cut their price target on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Wells Fargo & Company cut their target price on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Bank of America reissued an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Citigroup cut their price objective on HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Finally, Evercore set a $22.00 target price on shares of HP in a research report on Thursday, February 19th.

HP Trading Up 1.7%

Shares of HPQ stock opened at $19.02 on Friday. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 5.19 and a beta of 1.18. The business’s 50-day moving average price is $20.14 and its 200-day moving average price is $24.23. HP has a 12 month low of $17.56 and a 12 month high of $30.61.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, sell-side analysts predict that HP will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is presently 45.45%.

Insider Activity

In related news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the sale, the insider owned 34,572 shares in the company, valued at $801,724.68. This represents a 49.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at $4,196.27. This represents a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,969 shares of company stock valued at $2,277,993 in the last ninety days. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in HP by 7.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,481,211 shares of the computer maker’s stock valued at $40,333,000 after purchasing an additional 101,844 shares during the period. Applied Finance Capital Management LLC lifted its stake in shares of HP by 8.4% in the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock valued at $33,139,000 after buying an additional 94,494 shares in the last quarter. Maj Invest Holding A S grew its holdings in shares of HP by 3.8% during the third quarter. Maj Invest Holding A S now owns 5,754,138 shares of the computer maker’s stock valued at $156,686,000 after buying an additional 210,762 shares during the last quarter. Railway Pension Investments Ltd increased its position in shares of HP by 6.1% during the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock worth $43,568,000 after acquiring an additional 92,400 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of HP by 34.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock worth $10,685,000 after acquiring an additional 102,825 shares during the last quarter. 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.