HP Inc (NYSE: HPQ) shares have been allotted an average ‘hold’ recommendation from 16 brokerages in the stock market. 2 stock analysts assigned a rating of ‘sell’, 5 gave ‘hold’, and 7 have ‘buy’. The firm had an average $24.37 12 month price objective last year.
On Monday, the company started from $33.98 in the stock market with the market cap being worth $42.36 billion. Their lowest in 12 months is $13.39 while the highest is $34.27. They have a 16.99 PE ratio, 1.77 PEG ratio, and 1.08 beta. Their 50 days rolling average is at $30.88 while the 200 day is at $24.78.
According to their 25th February report, their quarterly EPS was $0.92, topping the value of a $0.65 consensus estimate by almost $0.27. They had a 5.02% net margin along with a 196.27$ equity return. Their revenue was $15.65 billion, surpassing the $15.24 billion estimate.
Market Undertakings Of HPQ Stock
JPMorgan Chase and Co lifted the rating for HPQ shares to ‘overweight’ from ‘neutral’ and assigned a price objective of $35 in the stock market. Morgan Stanley raised it to a value of $40 and gave a rating of ‘overweight’. Deutsche Bank upped it to $26 from $21 and gave a rating of ‘hold’. Cowen promoted it to $27 from $23 and gave a rating of ‘market perform’. Barclays demoted it to ‘underweight’ from ‘equal weight’ and allotted it $22.
RWC Management raised their holdings on HPQ stock by nearly 13.6% and own shares priced at $133,165,000. Ontario Healthcare Trust Fund upped their stake by almost 77.9%, owning $10,068,000 worth of shares. Sound Income upgraded their position by roughly 29.6% and their own shares priced $4,651,000.
Vontobel Holding purchased a new stake and own $6,810,000 worth of shares. KBC Group lifted their position by approximately 36.2% and own shares priced at $29,438,000. 80.58% HPQ stock is owned by institutional investors.
