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: $32.65 to $33.26
• 50-Day Range: $32.46 to $39.30
• 52-Week Range: $27.42 to $39.79
• Volume: 5.24 million shs
• Average Volume: 7.88 million shs
• Market Capitalization: $31.16 billion
• P/E Ratio: 11.83
• Dividend Yield: 3.46%
• Price Target: $36.45
• Consensus Rating: Hold

HP Stock Analysis - MarketRank™

HP scored higher than 95% of companies evaluated by MarketBeat, and ranked 13th out of 656 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: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

HP has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 9 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: 5.62%

Earnings Growth

Earnings for HP are expected to grow by 5.62% in the coming year, from $3.56 to $3.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HP is 11.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of HP is 11.83, 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 238.61.

Price to Earnings Growth Ratio

HP has a PEG Ratio of 2.95. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.53% 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 4.4.

Change versus previous month

Short interest in HP has recently decreased by 10.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

HP is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

HP has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of HP is 40.93%. 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 30.59% 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

3.53% 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 4.4.

Change versus previous month

Short interest in HP has recently decreased by 10.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.17

News Sentiment

HP has a news sentiment score of 1.17. 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 0.61 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for HP this week, compared to 15 articles on an average week.

Search Interest

30 people have searched for HPQ on MarketBeat in the last 30 days. This is an increase of 114% compared to the previous 30 days.

MarketBeat Follows

19 people have added HP to their MarketBeat watchlist in the last 30 days. This is an increase of 138% 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 $9,312,568.00 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 at the beginning of 2024. Since then, HPQ stock has increased by 10.4% and is now trading at $33.23.
View the best growth stocks for 2024 here.

How were HP's earnings last quarter?

HP Inc. (NYSE:HPQ) posted its quarterly earnings results on Tuesday, November, 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.93. The business's quarterly revenue was up 1.7% on a year-over-year basis.
Read the conference call transcript.

How will HP's stock buyback program work?

HP's board initiated a stock buyback plan on Wednesday, August 28th 2024, which allows the company to buy back $10,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 28.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Does HP have any subsidiaries?

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

Who are HP's major shareholders?

Top institutional shareholders of HP 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, Enrique Lores, Alex Cho, Tuan Tran, Robert R Bennett, Subra Suresh, Kristen M Ludgate, Shumeet Banerji, Marie Myers, David P Mcquarrie, Stephanie Liebman, Bruce D Broussard and Harvey Anderson.
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

• Ex-Dividend for 10/2 Dividend: 9/11/2024
• Dividend Payable: 10/02/2024
• Last Earnings: 11/26/2024
• Ex-Dividend for 1/2 Dividend: 12/11/2024
• Today: 12/23/2024
• Dividend Payable: 1/02/2025
• 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: $36.45
• High Stock Price Target: $41.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +9.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.81
• Trailing P/E Ratio: 11.83
• Forward P/E Ratio: 9.33
• P/E Growth: 2.95
• Net Income: $2.78 billion
• Net Margins: 5.18%
• Pretax Margin: 6.12%
• Return on Equity: -253.39%
• Return on Assets: 8.83%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.72
• Quick Ratio: 0.45

Sales & Book Value

• Annual Sales: $53.56 billion
• Price / Sales: 0.58
• Cash Flow: $4.16 per share
• Price / Cash Flow: 7.99
• Book Value: ($1.37) per share
• Price / Book: -24.26

Miscellaneous

• Outstanding Shares: 937,798,000
• Free Float: 959,767,000
• Market Cap: $31.16 billion
• Optionable: Optionable
• Beta: 1.04