At the time of writing, HP Inc [HPQ] stock is trading at $36.17, down -0.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The HPQ shares have gain 4.36% over the last week, with a monthly amount drifted -1.28%, 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 November 29, 2024, when HSBC Securities downgraded its rating to a Hold and also revised its price target to $38 from $39. Previously, TD Cowen reaffirmed its Hold rating on November 27, 2024, and elevated its price target to $39. On October 01, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $37 on the stock. BofA Securities downgraded its rating to a Neutral but stick to its price target of $37 on September 27, 2024. JP Morgan reiterated its recommendation of a Overweight and raised its price target to $42 on August 23, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on August 19, 2024, and upped its price target to $37. In a note dated May 30, 2024, TD Cowen reiterated an Hold rating on this stock and boosted its target price from $30 to $32.
For the past year, the stock price of HP Inc fluctuated between $27.42 and $39.79. Currently, Wall Street analysts expect the stock to reach $36.33 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $36.17 at the most recent close of the market. An investor can expect a potential return of 0.44% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
According to HP Inc [NYSE:HPQ], the company’s sales were 53.20B for trailing twelve months, which represents an 1.74% jump. Gross Profit Margin for this corporation currently stands at 0.43% 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 -11.22 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 3.27.
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 35.93 points at the first support level, and at 35.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.52, and for the 2nd resistance point, it is at 36.86.
Ratios To Look Out For
It is important to note that HP Inc [NYSE:HPQ] has a current ratio of 0.72. On the other hand, the Quick Ratio is 0.45, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.66 and price to earnings (TTM) ratio is 12.87.
Transactions by insiders
Recent insider trading involved CHO ALEX, President, Personal Systems, that happened on Nov 29 ’24 when 10298.0 shares were sold. Officer, LORES ENRIQUE completed a deal on Nov 29 ’24 to buy 0.11 million shares. Meanwhile, Officer CHO ALEX bought 10298.0 shares on Nov 29 ’24.
