HP Inc [HPQ] stock prices are down -0.64% to $28.09 at the moment. 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 1.52% over the last week, with a monthly amount drifted -7.54%, and not 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.
The stock price of HP Inc [HPQ] has been fluctuating between $25.22 and $33.90 over the past year. Currently, Wall Street analysts expect the stock to reach $32.89 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $28.09 at the most recent close of the market. An investor can expect a potential return of 17.09% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
The HP Inc [NYSE:HPQ] reported sales of 53.05B for trailing twelve months, representing a drop of -3.39%. 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 -1.84 and Total Capital is 0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.67.
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 27.94 points at the first support level, and at 27.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.34, and for the 2nd resistance point, it is at 28.59.
Ratios To Look Out For
It’s worth pointing out that HP Inc [NYSE:HPQ]’s Current Ratio is 0.71. In addition, the Quick Ratio stands at 0.42 and the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 0.52 and price to earnings (TTM) ratio is 8.21.
Transactions by insiders
Recent insider trading involved BENNETT ROBERT R, Director, that happened on Mar 21 ’24 when 67000.0 shares were sold. Global Controller, Liebman Stephanie completed a deal on Mar 08 ’24 to sell 8708.0 shares. Meanwhile, Chief Commercial Officer McQuarrie David P. sold 51111.0 shares on Mar 05 ’24.
