HP Inc [HPQ] stock prices are up 0.84% to $34.82 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HPQ shares have gain 5.20% over the last week, with a monthly amount glided 0.03%, 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 August 23, 2024, when JP Morgan reiterated its Overweight rating and also boosted its price target to $42 from $38. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 19, 2024, and elevated its price target to $37. On May 30, 2024, TD Cowen reiterated its Hold rating and revised its price target to $32 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $30 on May 21, 2024. HSBC Securities upgraded its rating to a Buy and raised its price target to $33 on February 14, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on December 12, 2023, and upped its price target to $35. In a note dated December 11, 2023, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $33 to $40.
The stock price of HP Inc [HPQ] has been fluctuating between $25.22 and $39.52 over the past year. Currently, Wall Street analysts expect the stock to reach $32.6 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $34.82 at the most recent close of the market. An investor can expect a potential drop of -6.38% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
The HP Inc [NYSE:HPQ] reported sales of 52.96B for trailing twelve months, representing a surge of 1.28%. 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 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is -2.27 and Total Capital is 0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.91.
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 34.67 points at the first support level, and at 34.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.09, and for the 2nd resistance point, it is at 35.36.
Ratios To Look Out For
It’s worth pointing out that HP Inc [NYSE:HPQ]’s Current Ratio is 0.71. Also, the Quick Ratio is 0.43, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.63 and price to earnings (TTM) ratio is 12.22.
Transactions by insiders
Recent insider trading involved LORES ENRIQUE, President and CEO, that happened on Sep 12 ’24 when 0.21 million shares were sold. Officer, LORES ENRIQUE completed a deal on Sep 12 ’24 to buy 0.21 million shares. Meanwhile, President, Personal Systems CHO ALEX sold 0.17 million shares on Jun 21 ’24.
