Citigroup Issues Pessimistic Forecast for HP (NYSE:HPQ) Stock Price

HP (NYSE:HPQ) had its price target decreased by equities researchers at Citigroup from $29.00 to $27.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the computer maker’s stock. Citigroup’s target price points to a potential upside of 7.25% from the stock’s previous close.

Other research analysts have also issued reports about the company. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. cut HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Wednesday, October 22nd. Barclays cut their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Evercore ISI reissued an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.67.

HP Stock Up 1.8%

Shares of NYSE:HPQ traded up $0.45 during trading on Wednesday, hitting $25.18. 10,317,468 shares of the company were exchanged, compared to its average volume of 9,003,980. HP has a 1-year low of $21.21 and a 1-year high of $39.79. The company has a market capitalization of $23.53 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. The business’s 50 day moving average is $27.46 and its 200-day moving average is $26.54.

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

Insider Buying and Selling

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 value of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On HP

Several large investors have recently modified their holdings of HPQ. WPG Advisers LLC bought a new position in HP in the 1st quarter worth approximately $25,000. Laurel Wealth Advisors LLC lifted its position in shares of HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of HP in the second quarter worth $27,000. Westfuller Advisors LLC purchased a new position in shares of HP in the third quarter valued at $28,000. Finally, Global Trust Asset Management LLC raised its stake in shares of HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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.