HP (NYSE:HPQ) had its price target increased by Wells Fargo & Co from $21.00 to $26.00 in a research report report published on Friday. Wells Fargo & Co currently has a market perform rating on the computer maker’s stock.

A number of other equities analysts have also weighed in on the company. ValuEngine lowered HP from a buy rating to a hold rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered HP from a buy rating to a hold rating in a research note on Tuesday, July 31st. Maxim Group upgraded HP from a hold rating to a buy rating and increased their target price for the stock from $27.00 to $28.00 in a research note on Wednesday, May 30th. They noted that the move was a valuation call. Morgan Stanley increased their target price on HP from $27.00 to $28.00 and gave the stock an equal weight rating in a research note on Wednesday, May 30th. Finally, JPMorgan Chase & Co. set a $28.00 target price on HP and gave the stock a buy rating in a research note on Wednesday, May 30th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. HP currently has an average rating of Hold and an average target price of $25.94.

Shares of NYSE HPQ opened at $24.15 on Friday. The company has a market cap of $39.44 billion, a PE ratio of 14.64, a PEG ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of -2.41, a quick ratio of 0.60 and a current ratio of 0.84. HP has a 1-year low of $18.96 and a 1-year high of $24.80.

HP (NYSE:HPQ) last announced its earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $14.59 billion for the quarter, compared to analyst estimates of $14.29 billion. HP had a negative return on equity of 99.90% and a net margin of 7.84%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. equities research analysts predict that HP will post 2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.31%. HP’s dividend payout ratio (DPR) is presently 33.94%.

In other HP news, insider Tracy S. Keogh sold 117,275 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $24.00, for a total value of $2,814,600.00. Following the sale, the insider now owns 243,526 shares of the company’s stock, valued at approximately $5,844,624. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tracy S. Keogh sold 117,276 shares of the firm’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $23.00, for a total value of $2,697,348.00. Following the completion of the sale, the insider now directly owns 340,453 shares in the company, valued at approximately $7,830,419. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,021 shares of company stock worth $5,705,488. Corporate insiders own 0.25% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC boosted its holdings in shares of HP by 1.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 211,566 shares of the computer maker’s stock valued at $4,800,000 after purchasing an additional 2,101 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in shares of HP by 9.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 26,151 shares of the computer maker’s stock valued at $572,000 after purchasing an additional 2,230 shares in the last quarter. MAI Capital Management boosted its holdings in shares of HP by 16.5% in the 2nd quarter. MAI Capital Management now owns 16,542 shares of the computer maker’s stock valued at $375,000 after purchasing an additional 2,348 shares in the last quarter. Dorsey Wright & Associates boosted its holdings in shares of HP by 1.6% in the 2nd quarter. Dorsey Wright & Associates now owns 153,022 shares of the computer maker’s stock valued at $3,472,000 after purchasing an additional 2,404 shares in the last quarter. Finally, Hudson Capital Management LLC boosted its holdings in shares of HP by 3.7% in the 2nd quarter. Hudson Capital Management LLC now owns 68,410 shares of the computer maker’s stock valued at $1,552,000 after purchasing an additional 2,463 shares in the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

About HP

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.

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Analyst Recommendations for HP (NYSE:HPQ)

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