HP (NYSE:HPQ) Upgraded by StockNews.com to "Buy" Rating

HP (NYSE:HPQ - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts have also issued reports on HPQ. TD Cowen dropped their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Barclays boosted their target price on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Morgan Stanley dropped their target price on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. dropped their price objective on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Finally, HSBC cut shares of HP from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.14.

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HP Stock Performance

Shares of NYSE:HPQ traded down $0.03 during mid-day trading on Tuesday, reaching $28.67. 1,405,987 shares of the company's stock were exchanged, compared to its average volume of 7,084,497. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.96 and a beta of 1.09. The business's fifty day moving average price is $32.16 and its 200-day moving average price is $34.32. HP has a twelve month low of $27.43 and a twelve month high of $39.80.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Analysts predict that HP will post 3.56 EPS for the current fiscal year.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares of the company's stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in HP in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in HP in the 4th quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of HP during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new stake in shares of HP during the 4th quarter worth $37,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of HP during the 3rd quarter worth $40,000. 77.53% of the stock is owned by 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.