TD Cowen Has Lowered Expectations for HP (NYSE:HPQ) Stock Price

HP (NYSE:HPQ) had its price objective reduced by analysts at TD Cowen from $28.00 to $26.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the computer maker’s stock. TD Cowen’s target price would indicate a potential upside of 7.16% from the company’s current price.

A number of other brokerages also recently commented on HPQ. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Evercore ISI reissued an “in-line” rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. HSBC set a $30.00 price target on shares of HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Citigroup decreased their price objective on shares of HP from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.25.

HP Trading Down 0.5%

Shares of HPQ stock opened at $24.26 on Wednesday. The firm has a fifty day simple moving average of $26.51 and a 200-day simple moving average of $26.39. The company has a market capitalization of $22.68 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. HP has a twelve month low of $21.21 and a twelve month high of $39.62.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. Equities research analysts predict that HP will post 3.56 EPS for the current year.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HP

Several large investors have recently added to or reduced their stakes in HPQ. WPG Advisers LLC acquired a new position in shares of HP during the first quarter valued at $25,000. Laurel Wealth Advisors LLC lifted its position in HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in HP during the 2nd quarter valued at about $27,000. Westfuller Advisors LLC acquired a new position in HP during the 3rd quarter valued at about $28,000. Finally, Global Trust Asset Management LLC grew its position in HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Company Profile

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.