Analysts Set HP Inc. (NYSE:HPQ) PT at $21.58

Shares of HP Inc. (NYSE:HPQ) have received an average recommendation of “Reduce” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.5833.

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Morgan Stanley lowered their target price on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Evercore set a $22.00 target price on HP in a report on Thursday, February 19th. UBS Group decreased their price objective on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Finally, Bank of America restated an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd.

Institutional Investors Weigh In On HP

A number of hedge funds have recently made changes to their positions in HPQ. Baird Financial Group Inc. lifted its stake in shares of HP by 13.1% during the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after purchasing an additional 551 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after purchasing an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of HP during the 2nd quarter worth $233,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Trading Down 3.1%

Shares of HPQ stock opened at $20.45 on Friday. HP has a twelve month low of $17.56 and a twelve month high of $29.55. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 7.74, a P/E/G ratio of 5.86 and a beta of 1.11. The stock has a fifty day simple moving average of $18.98 and a two-hundred day simple moving average of $22.07.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts predict that HP will post 2.84 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Wednesday, March 11th. HP’s dividend payout ratio is 45.45%.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.