HP (NYSE:HPQ) had its price goal lifted by equities analysis analysts at Bank of America from $16.00 to $18.00 in a report launched on Friday, BenzingaRatingsTable stories. The brokerage at the moment has an “underperform” score on the pc maker’s stock. Bank of America’s price goal would point out a possible draw back of 9.32% from the corporate’s earlier shut.
Different analysis analysts have additionally not too long ago issued analysis stories concerning the firm. Loop Capital boosted their price goal on HP from $20.00 to $25.00 and gave the stock a “purchase” score in a analysis notice on Friday. UBS Group lifted their price goal on shares of HP from $17.00 to $18.00 and gave the stock a “impartial” score in a analysis notice on Friday. Barclays elevated their price goal on shares of HP from $16.00 to $19.00 and gave the corporate an “equal weight” score in a analysis notice on Friday. Citigroup elevated their price goal on shares of HP from $16.00 to $18.50 and gave the stock a “impartial” score in a analysis report on Friday. Lastly, Zacks Funding Analysis upgraded HP from a “promote” score to a “maintain” score and set a $16.00 price goal on the stock in a analysis notice on Friday, May 29th. 4 equities analysis analysts have rated the stock with a promote score, 13 have given a maintain score and three have issued a purchase score to the corporate’s stock. HP has a consensus score of “Maintain” and a mean price goal of $18.64.
Shares of HPQ traded up $1.15 throughout mid-day buying and selling on Friday, reaching $19.85. 490,590 shares of the stock traded arms, in comparison with its common quantity of 8,999,667. The stock has a fifty day easy transferring common of $17.82 and a 200 day easy transferring common of $17.39. HP has a 12-month low of $12.54 and a 12-month excessive of $23.93. The agency has a market cap of $26.37 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 5.80 and a beta of 0.96.
HP (NYSE:HPQ) final launched its quarterly earnings outcomes on Thursday, August 27th. The pc maker reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. HP had a internet margin of 5.27% and a detrimental return on fairness of 295.77%. The enterprise had income of $14.29 billion in the course of the quarter, in comparison with analyst estimates of $13.29 billion. Throughout the identical interval final yr, the enterprise earned $0.58 EPS. The enterprise’s income was down 2.1% on a year-over-year foundation. As a gaggle, analysis analysts predict that HP will publish 2.1 earnings per share for the present yr.
In different information, Director Robert R. Bennett bought 17,00Zero shares of the stock in a transaction dated Tuesday, June 2nd. The shares have been purchased at a mean value of $16.47 per share, for a complete transaction of $279,990.00. Additionally, CEO Enrique Lores purchased 13,500 shares of the agency’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at a mean price of $16.47 per share, for a complete transaction of $222,345.00. 0.25% of the stock is owned by company insiders.
Plenty of massive traders have not too long ago purchased and bought shares of HPQ. PARK CIRCLE Co lifted its place in HP by 400.0% within the 1st quarter. PARK CIRCLE Co now owns 1,500 shares of the pc maker’s stock worth $26,00Zero after shopping for a further 2,00Zero shares within the final quarter. WASHINGTON TRUST Co purchased a brand new place in shares of HP within the 1st quarter valued at roughly $27,000. CVA Household Workplace LLC acquired a brand new stake in shares of HP within the first quarter worth $28,000. Ameritas Funding Firm LLC lifted its place in HP by 87.7% in the course of the 1st quarter. Ameritas Funding Firm LLC now owns 2,239 shares of the pc maker’s stock worth $36,00Zero after buying a further 1,046 shares over the last quarter. Lastly, Truvestments Capital LLC purchased a brand new stake in HP in the course of the 1st quarter valued at roughly $47,000. 79.76% of the stock is at the moment owned by hedge funds and different institutional traders.
HP Inc gives merchandise, applied sciences, software program, options, and providers to particular person shoppers, small- and medium-sized companies, and enormous enterprises, together with clients within the authorities, well being, and schooling sectors worldwide. It operates by Private Programs and Printing segments. The Private Programs phase presents business private computer systems (PCs), client PCs, workstations, skinny shoppers, business tablets and mobility units, retail point-of-sale programs, shows and different associated equipment, software program, assist, and providers for the business and client markets.
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