HP Inc [HPQ] stock is trading at $34.68, up 1.40%. 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 4.62% over the last week, with a monthly amount glided 6.67%, and seem to be holding up well over a long-time horizon.
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.
HP Inc [HPQ] stock has fluctuated between $27.42 and $39.79 over the past year. Currently, Wall Street analysts expect the stock to reach $35.75 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $34.68 at the most recent close of the market. An investor can expect a potential return of 3.09% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
HP Inc [NYSE:HPQ] reported sales of 53.15B for the trailing twelve months, which represents a growth of 1.36%. 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 -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 3.68.
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 34.22 points at the first support level, and at 33.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.00, and for the 2nd resistance point, it is at 35.32.
Ratios To Look Out For
For context, HP Inc’s Current Ratio is 0.72. Also, the Quick Ratio is 0.45, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.61 and price to earnings (TTM) ratio is 12.33.
Transactions by insiders
Recent insider trading involved Liebman Stephanie, Global Controller, that happened on Dec 30 ’24 when 11000.0 shares were sold. Officer, Liebman Stephanie completed a deal on Dec 30 ’24 to buy 14000.0 shares. Meanwhile, Chief People Officer Ludgate Kristen M sold 74356.0 shares on Dec 13 ’24.
