Brokerages Set HP Inc. (NYSE:HPQ) Price Target at $36.14

Shares of HP Inc. (NYSE:HPQ) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $36.14.

Several analysts recently weighed in on HPQ shares. Barclays raised their target price on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Morgan Stanley reduced their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Sanford C. Bernstein raised their price objective on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, TD Cowen cut their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On HP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in HP in the 3rd quarter valued at $25,000. Synergy Asset Management LLC purchased a new position in HP in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in HP in the 4th quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in HP in the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management purchased a new position in HP in the 4th quarter valued at $37,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

NYSE HPQ opened at $28.68 on Friday. The firm has a 50 day simple moving average of $32.16 and a 200-day simple moving average of $34.32. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.96 and a beta of 1.09. HP has a one year low of $27.43 and a one year high of $39.80.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Equities analysts predict that HP will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.04%. HP’s payout ratio is 41.37%.

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.