HP (NYSE:HPQ) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of HP (NYSE:HPQ) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

A number of other analysts have also commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Barclays cut their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. HSBC set a $30.00 price objective on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, Evercore ISI restated an “in-line” rating and issued a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, HP has a consensus rating of “Hold” and an average price target of $28.71.

HP Price Performance

HPQ stock opened at $28.07 on Friday. The stock has a market capitalization of $26.23 billion, a P/E ratio of 10.24, a P/E/G ratio of 2.25 and a beta of 1.29. HP has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The business has a 50-day moving average of $27.71 and a 200-day moving average of $26.35.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter last year, the firm earned $0.83 EPS. HP’s revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts expect that HP will post 3.56 EPS for the current year.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HPQ. Nuveen LLC bought a new stake in HP in the 1st quarter valued at $179,037,000. Norges Bank acquired a new position in shares of HP in the second quarter valued at $91,698,000. Qube Research & Technologies Ltd bought a new position in shares of HP in the second quarter valued at about $74,385,000. Vanguard Group Inc. raised its position in shares of HP by 1.9% in the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after purchasing an additional 2,395,056 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of HP by 93.9% during the 2nd quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock worth $119,226,000 after buying an additional 2,360,678 shares during the last quarter. 77.53% of the stock is currently 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.