The HP Inc (HPQ) PT Raised to $18.00 at Jefferies Group LLC

The HP Inc (HPQ) PT Raised to $18.00 at Jefferies Group LLC

Several other equities research analysts have also recently issued reports on the stock. Mizuho raised their price target on shares of HP from $14.00 to $15.00 and gave the stock a neutral rating in a research note on Thursday, February 23rd. Wells Fargo & Co reaffirmed an outperform rating and set a $21.00 price target on shares of HP in a research note on Thursday, March 23rd. Royal Bank of Canada reaffirmed a sector perform rating and set a $20.00 price target (up from $18.00) on shares of HP in a research note on Friday, May 19th. Zacks Investment Research raised shares of HP from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Tuesday, April 25th. Finally, Goldman Sachs Group Inc raised their price target on shares of HP from $16.50 to $18.00 and gave the stock a neutral rating in a research note on Thursday, May 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $19.08.

HP Inc (NYSE:HPQ) had its price objective increased by Jefferies Group LLC from $17.00 to $18.00 in a report issued on Thursday, May 25th. They currently have a hold rating on the computer maker’s stock.

Shares of HP (NYSE HPQ) opened at 18.98 on Thursday. The stock’s 50 day moving average is $18.85 and its 200 day moving average is $16.76. The stock has a market capitalization of $32.04 billion, a PE ratio of 13.42 and a beta of 1.52. HP has a 12 month low of $11.48 and a 12 month high of $19.58. HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The firm had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.93 billion. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. Analysts anticipate that HP will post $1.64 earnings per share for the current fiscal year.

Shares of HP (NYSE HPQ) opened at 18.98 on Thursday. The stock’s 50 day moving average is $18.85 and its 200 day moving average is $16.76. The stock has a market capitalization of $32.04 billion, a PE ratio of 13.42 and a beta of 1.52. HP has a 12 month low of $11.48 and a 12 month high of $19.58. The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, June 12th. HP’s payout ratio is currently 37.32%.

In other HP news, CFO Catherine A. Lesjak sold 719,775 shares of HP stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $17.60, for a total value of $12,668,040.00. Following the completion of the transaction, the chief financial officer now owns 599,775 shares of the company’s stock, valued at $10,556,040. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ron Coughlin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $18.14, for a total value of $181,400.00. Following the completion of the sale, the insider now owns 61,745 shares in the company, valued at $1,120,054.30. The disclosure for this sale can be found here. Insiders have sold 1,015,159 shares of company stock valued at $18,142,136 in the last three months. Corporate insiders own 0.51% of the company’s stock. A number of large investors have recently bought and sold shares of the stock. CWM LLC boosted its stake in HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its stake in HP by 0.4% in the first quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock worth $218,000 after buying an additional 41 shares during the last quarter. ELM Advisors LLC boosted its stake in HP by 0.5% in the first quarter. ELM Advisors LLC now owns 14,318 shares of the computer maker’s stock worth $256,000 after buying an additional 65 shares during the last quarter. Savant Capital LLC boosted its stake in HP by 0.3% in the first quarter. Savant Capital LLC now owns 24,276 shares of the computer maker’s stock worth $434,000 after buying an additional 80 shares during the last quarter. Finally, Destination Wealth Management boosted its stake in HP by 0.5% in the first quarter. Destination Wealth Management now owns 15,603 shares of the computer maker’s stock worth $279,000 after buying an additional 83 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HPQ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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