Brokerages Set HP Inc. (NYSE:HPQ) Target Price at $29.38

Shares of HP Inc. (NYSE:HPQ) have received an average rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.3750.

HPQ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Sanford C. Bernstein initiated coverage on HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 target price on the stock. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Saturday, September 27th.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HPQ. Vanguard Group Inc. raised its holdings in HP by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after acquiring an additional 2,395,056 shares during the period. Dodge & Cox raised its stake in shares of HP by 4.6% during the 2nd quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock valued at $854,718,000 after purchasing an additional 1,537,945 shares during the period. Geode Capital Management LLC lifted its holdings in HP by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock worth $638,720,000 after purchasing an additional 424,544 shares in the last quarter. Invesco Ltd. boosted its stake in HP by 15.9% in the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock worth $321,573,000 after purchasing an additional 1,806,246 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in HP by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after buying an additional 724,020 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.0%

Shares of NYSE:HPQ opened at $26.63 on Tuesday. The stock has a market cap of $24.89 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The stock’s fifty day simple moving average is $27.17 and its two-hundred day simple moving average is $26.15. HP has a 1-year low of $21.21 and a 1-year high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts forecast that HP will post 3.56 earnings per share for the current fiscal year.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.