A share price of HP Inc [HPQ] is currently trading at $30.23, up 3.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HPQ shares have gain 5.26% over the last week, with a monthly amount glided 6.71%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
HP Inc [NYSE: HPQ] stock has seen the most recent analyst activity on February 14, 2024, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $33 from $30. Previously, Morgan Stanley upgraded its rating to Overweight on December 12, 2023, and elevated its price target to $35. On December 11, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $40 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $33 on November 13, 2023. Edward Jones upgraded its rating to a Buy. BofA Securities upgraded its rating to Buy for this stock on October 03, 2023, and upped its price target to $33. In a note dated June 30, 2023, Citigroup initiated an Neutral rating and provided a target price of $32 on this stock.
HP Inc experienced fluctuations in its stock price throughout the past year between $25.22 and $33.90. Currently, Wall Street analysts expect the stock to reach $33.25 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $30.23 at the most recent close of the market. An investor can expect a potential return of 9.99% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
Trailing Twelve Months sales for HP Inc [NYSE:HPQ] were 53.05B which represents -3.39% decline. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is -4.41 and Total Capital is 0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.59 points at the first support level, and at 28.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.68, and for the 2nd resistance point, it is at 31.14.
HP Inc [HPQ] reported earnings per share of $0.81 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.81/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.9 per share as compared to estimates of $0.9 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for HP Inc [NYSE:HPQ] is 0.71. In addition, the Quick Ratio stands at 0.42 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 0.56 and price to earnings (TTM) ratio is 8.83.
Transactions by insiders
Recent insider trading involved LORES ENRIQUE, President and CEO, that happened on Jan 02 ’24 when 38000.0 shares were sold. President, Personal Systems, CHO ALEX completed a deal on Nov 30 ’23 to sell 45758.0 shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC sold 3.07 million shares on Oct 03 ’23.
