HP (HPQ) Getting Somewhat Positive News Coverage, Report Finds
Press coverage about HP (NYSE:HPQ) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. HP earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news coverage about the computer maker an impact score of 46.2459328365114 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- HP Inc (HPQ) Shares Slide Despite In-Line Profit (investorplace.com)
- HP Inc. (HPQ) Receives Buy Rating from Deutsche Bank AG (americanbankingnews.com)
- Hewlett Packard Enterprise Co (HPE) Revenue Rises Y/Y, CEO Steps Down (investorplace.com)
- Trade HP Inc as the Door Closes on Meg! (investorplace.com)
- Stocks Inch Higher At Open, Nasdaq Leads; HPE Dives On CEO’s Exit (feedproxy.google.com)
HP (HPQ) traded down $1.12 on Wednesday, reaching $21.34. The company’s stock had a trading volume of 28,411,338 shares, compared to its average volume of 10,884,575. The company has a quick ratio of 0.74, a current ratio of 0.97 and a debt-to-equity ratio of -1.55. The stock has a market cap of $35,640.00, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.27 and a beta of 1.84. HP has a 52 week low of $14.40 and a 52 week high of $22.68.
HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.36 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. equities research analysts predict that HP will post 1.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from HP’s previous quarterly dividend of $0.13. HP’s payout ratio is presently 38.13%.
A number of research firms have commented on HPQ. Deutsche Bank AG reissued a “buy” rating and issued a $25.00 target price on shares of HP in a report on Wednesday. BMO Capital Markets raised their target price on HP to $23.00 and gave the company a “positive” rating in a report on Wednesday. Maxim Group reissued a “hold” rating and issued a $25.00 target price on shares of HP in a report on Wednesday. Wells Fargo & Company began coverage on HP in a report on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on HP from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.79.
In related news, insider Marie Myers sold 11,752 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $19.25, for a total transaction of $226,226.00. Following the transaction, the insider now directly owns 11,752 shares of the company’s stock, valued at approximately $226,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kim M. Rivera sold 41,761 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $21.28, for a total value of $888,674.08. Following the transaction, the insider now directly owns 84,799 shares in the company, valued at $1,804,522.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,853,937 shares of company stock worth $37,905,548 over the last three months. 0.62% of the stock is currently owned by corporate insiders.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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