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HP (HPQ) Stock Price, News & Analysis

HP logo
$35.43 +0.77 (+2.22%)
(As of 11/29/2024 ET)

About HP Stock (NYSE:HPQ)

Key Stats

Today's Range
$34.25
$35.88
50-Day Range
$34.66
$39.30
52-Week Range
$27.42
$39.79
Volume
8.30 million shs
Average Volume
8.06 million shs
Market Capitalization
$34.14 billion
P/E Ratio
12.61
Dividend Yield
3.10%
Price Target
$36.77
Consensus Rating
Hold

Company Overview

HP Inc. provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, solutions, and services, as well as scanning devices; and laserJet and enterprise, inkjet and printing, graphics, and 3D printing solutions. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

HP Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

HPQ MarketRank™: 

HP scored higher than 97% of companies evaluated by MarketBeat, and ranked 34th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    HP has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 2 buy ratings, 9 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    HP has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about HP's stock forecast and price target.
  • Earnings Growth

    Earnings for HP are expected to grow by 8.71% in the coming year, from $3.56 to $3.87 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of HP is 12.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of HP is 12.61, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 233.10.

  • Price to Earnings Growth Ratio

    HP has a PEG Ratio of 2.40. PEG Ratios above 1 indicate that a company could be overvalued.

  • Percentage of Shares Shorted

    3.96% of the float of HP has been sold short.
  • Short Interest Ratio / Days to Cover

    HP has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in HP has recently decreased by 14.78%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    HP pays a meaningful dividend of 3.18%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    HP has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of HP is 40.93%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, HP will have a dividend payout ratio of 29.72% next year. This indicates that HP will be able to sustain or increase its dividend.

  • Read more about HP's dividend.
  • Percentage of Shares Shorted

    3.96% of the float of HP has been sold short.
  • Short Interest Ratio / Days to Cover

    HP has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in HP has recently decreased by 14.78%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    HP has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 79 news articles for HP this week, compared to 15 articles on an average week.
  • Search Interest

    25 people have searched for HPQ on MarketBeat in the last 30 days. This is an increase of 39% compared to the previous 30 days.
  • MarketBeat Follows

    16 people have added HP to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, HP insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,013,373.00 in company stock.

  • Percentage Held by Insiders

    Only 0.41% of the stock of HP is held by insiders.

  • Percentage Held by Institutions

    77.53% of the stock of HP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about HP's insider trading history.
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HPQ Stock News Headlines

TD Cowen Forecasts Strong Price Appreciation for HP (NYSE:HPQ) Stock
HP (NYSE:HPQ) Downgraded by HSBC to "Hold"
***TODAY ONLY*** Nvidia’s Next AI Play
Thanks to a specific AI Blueprint … A small handful of companies have already soared as much as 562%, 3,247% and even 6,583%. Now, with a massive recent $1 trillion pivot to data centers, six NEW stocks could be next in line to follow this pattern.
Citigroup Lowers HP (NYSE:HPQ) Price Target to $36.50
See More Headlines

HPQ Stock Analysis - Frequently Asked Questions

HP's stock was trading at $30.09 at the beginning of 2024. Since then, HPQ stock has increased by 17.7% and is now trading at $35.43.
View the best growth stocks for 2024 here
.

HP Inc. (NYSE:HPQ) issued its quarterly earnings data on Tuesday, November, 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting analysts' consensus estimates of $0.93. HP's revenue for the quarter was up 1.7% compared to the same quarter last year.
Read the conference call transcript
.

HP's board authorized a share repurchase program on Wednesday, August 28th 2024, which authorizes the company to buy back $10,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 28.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

The following companies are subsidiaries of HP: Poly, Choose Packaging, Teradici Corporation, HyperX, Bromium, Apogee, Apogee Corp, and others.

HP's top institutional investors include State Street Corp (5.38%), Geode Capital Management LLC (2.57%), Primecap Management Co. CA (2.32%) and Pacer Advisors Inc. (1.47%). Insiders that own company stock include Berkshire Hathaway Inc, Alex Cho, Tuan Tran, Robert R Bennett, Subra Suresh, Kristen M Ludgate, Shumeet Banerji, Marie Myers, David P Mcquarrie, Enrique Lores, Stephanie Liebman, Bruce D Broussard and Harvey Anderson.
View institutional ownership trends
.

Shares of HPQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that HP investors own include Verizon Communications (VZ), NVIDIA (NVDA), Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN) and Meta Platforms (META).

Company Calendar

Ex-Dividend for 10/2 Dividend
9/11/2024
Dividend Payable
10/02/2024
Last Earnings
11/26/2024
Today
11/30/2024
Ex-Dividend for 1/2 Dividend
12/11/2024
Dividend Payable
1/02/2025
Fiscal Year End
10/31/2025

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
Computer Hardware
CUSIP
42823610
Employees
58,000
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$36.77
High Stock Price Target
$41.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$3.26 billion
Pretax Margin
6.12%

Debt

Sales & Book Value

Annual Sales
$53.56 billion
Cash Flow
$4.42 per share
Book Value
($1.37) per share

Miscellaneous

Free Float
959,767,000
Market Cap
$34.14 billion
Optionable
Optionable
Beta
1.07

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This page (NYSE:HPQ) was last updated on 12/1/2024 by MarketBeat.com Staff
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