At the time of writing, HP Inc [HPQ] stock is trading at $37.91, up 3.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HPQ shares have gain 3.89% over the last week, with a monthly amount glided 5.75%, 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 October 01, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $37 for it. Previously, BofA Securities downgraded its rating to Neutral on September 27, 2024, and kept the price target unchanged to $37. On August 23, 2024, JP Morgan reiterated its Overweight rating and revised its price target to $42 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and increased its price target to $37 on August 19, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $32 on May 30, 2024. Barclays upgraded its rating to Equal Weight for this stock on May 21, 2024, and upped its price target to $30. In a note dated February 14, 2024, HSBC Securities upgraded an Buy rating on this stock and boosted its target price from $30 to $33.
For the past year, the stock price of HP Inc fluctuated between $27.42 and $39.52. Currently, Wall Street analysts expect the stock to reach $33.55 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $37.91 at the most recent close of the market. An investor can expect a potential drop of -11.5% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
According to HP Inc [NYSE:HPQ], the company’s sales were 52.96B for trailing twelve months, which represents an 1.28% jump. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.07%, 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 37.11 points at the first support level, and at 36.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.34, and for the 2nd resistance point, it is at 38.76.
Ratios To Look Out For
It is important to note that HP Inc [NYSE:HPQ] has a current ratio of 0.71. Further, the Quick Ratio stands at 0.43, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.69 and price to earnings (TTM) ratio is 13.30.
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.
