HP (HPQ) Stock Price, News & Analysis

Company Overview

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. The Printing segment provides consumer and commercial printer hardware, supplies, media, solutions, and services, as well as scanning devices; and laserJet and enterprise, inkjet and printing, graphics, and 3D printing solutions. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

Key Stats

• Today's Range: $37.88 to $38.65
• 50-Day Range: $33.76 to $38.13
• 52-Week Range: $27.42 to $39.52
• Volume: 6.96 million shs
• Average Volume: 6.40 million shs
• Market Capitalization: $36.75 billion
• P/E Ratio: 13.38
• Dividend Yield: 2.88%
• Price Target: $35.45
• Consensus Rating: Hold

HP Stock Analysis - MarketRank™

HP scored higher than 89% of companies evaluated by MarketBeat, and ranked 111th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

HP has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 3 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

HP has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.90%

Earnings Growth

Earnings for HP are expected to grow by 5.90% in the coming year, from $3.39 to $3.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HP is 13.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of HP is 13.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 205.71.

Price to Earnings Growth Ratio

HP has a PEG Ratio of 2.61. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.65% of the float of HP has been sold short.

Short Interest Ratio / Days to Cover

HP has a short interest ratio ("days to cover") of 6.

Change versus previous month

Short interest in HP has recently increased by 4.30%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

HP pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

HP has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of HP is 38.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, HP will have a dividend payout ratio of 30.64% next year. This indicates that HP will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -1.55

Percentage of Shares Shorted

4.65% of the float of HP has been sold short.

Short Interest Ratio / Days to Cover

HP has a short interest ratio ("days to cover") of 6.

Change versus previous month

Short interest in HP has recently increased by 4.30%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.97

News Sentiment

HP has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 26 news articles for HP this week, compared to 14 articles on an average week.

Search Interest

Only 14 people have searched for HPQ on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

Only 9 people have added HP to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, HP insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,013,373.00 in company stock.

Percentage Held by Insiders

Only 0.41% of the stock of HP is held by insiders.

Percentage Held by Institutions

77.53% of the stock of HP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HPQ Stock Analysis - Frequently Asked Questions

How have HPQ shares performed this year?

HP's stock was trading at $30.09 on January 1st, 2024. Since then, HPQ stock has increased by 26.7% and is now trading at $38.13.
View the best growth stocks for 2024 here.

How were HP's earnings last quarter?

HP Inc. (NYSE:HPQ) posted its quarterly earnings data on Wednesday, August, 28th. The computer maker reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by $0.03. The firm's quarterly revenue was up 2.4% on a year-over-year basis.
Read the conference call transcript.

How will HP's stock buyback program work?

HP's Board of Directors approved a share repurchase plan on Wednesday, August 28th 2024, which permits the company to buy back $10,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 28.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Does HP have any subsidiaries?

HP subsidiaries include Poly, Choose Packaging, Teradici Corporation, HyperX, Bromium, Apogee, Apogee Corp, and others.

Who are HP's major shareholders?

HP's top institutional investors include State Street Corp (5.38%), Geode Capital Management LLC (2.57%), Primecap Management Co. CA (2.32%) and Pacer Advisors Inc. (1.47%). Insiders that own company stock include Berkshire Hathaway Inc, Alex Cho, Tuan Tran, Robert R Bennett, Subra Suresh, Kristen M Ludgate, Shumeet Banerji, Marie Myers, David P Mcquarrie, Enrique Lores, Bruce D Broussard, Barbara Barton Weiszhaar, Harvey Anderson and Stephanie Liebman.
View institutional ownership trends.

How do I buy shares of HP?

Shares of HPQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HP own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HP investors own include Verizon Communications (VZ), NVIDIA (NVDA), Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN) and Meta Platforms (META).

Company Calendar

• Last Earnings: 8/28/2024
• Ex-Dividend for 10/2 Dividend: 9/11/2024
• Dividend Payable: 10/02/2024
• Today: 11/23/2024
• Next Earnings (Confirmed): 11/26/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Computer & office equipment
• Sub-Industry: Computer Hardware
• Current Symbol: NYSE:HPQ
• CUSIP: 42823610
• CIK: 47217
• Web: www.hp.com
• Phone: 650-857-1501
• Fax: 650-857-5518
• Employees: 58,000
• Year Founded: 1939

Price Target and Rating

• Average Stock Price Target: $35.45
• High Stock Price Target: $41.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: -7.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.18
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.85
• Trailing P/E Ratio: 13.38
• Forward P/E Ratio: 11.25
• P/E Growth: 2.61
• Net Income: $3.26 billion
• Net Margins: 5.33%
• Pretax Margin: 6.13%
• Return on Equity: -266.37%
• Return on Assets: 9.01%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.71
• Quick Ratio: 0.43

Sales & Book Value

• Annual Sales: $53.72 billion
• Price / Sales: 0.68
• Cash Flow: $4.20 per share
• Price / Cash Flow: 9.08
• Book Value: ($1.08) per share
• Price / Book: -35.31

Miscellaneous

• Outstanding Shares: 963,720,000
• Free Float: 959,767,000
• Market Cap: $36.75 billion
• Optionable: Optionable
• Beta: 1.07