November 23, 2016 - By Nellie Frank
HP (NYSE:HPQ) had its stock rating noted as Market Perform by analysts at BMO Capital. BMO Capital currently has a $16.00 price target on the $25.38B market cap company or 7.53% upside potential. This was revealed in an analyst note on 23 November.
Out of 25 analysts covering Hewlett-Packard (NYSE:HPQ), 8 rate it a “Buy”, 0 “Sell”, while 17 “Hold”. This means 32% are positive. $45 is the highest target while $6 is the lowest. The $21.51 average target is 44.56% above today’s ($14.88) stock price. Hewlett-Packard has been the topic of 72 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Buy” on Thursday, September 17. The stock of HP Inc (NYSE:HPQ) earned “Hold” rating by Needham on Wednesday, November 25. The stock has “Strong Buy” rating given by Scotia Capital on Thursday, September 17. Credit Suisse maintained the shares of HPQ in a report on Sunday, September 6 with “Outperform” rating. The stock of HP Inc (NYSE:HPQ) has “Neutral” rating given on Tuesday, November 3 by Citigroup. The rating was upgraded by Maxim Group on Monday, November 23 to “Buy”. Jefferies initiated HP Inc (NYSE:HPQ) rating on Monday, November 2. Jefferies has “Buy” rating and $21.0 price target. The rating was maintained by RBC Capital Markets on Monday, August 22 with “Sector Perform”. On Wednesday, September 16 the stock rating was maintained by Maxim Group with “Hold”. The firm has “Market Perform” rating given on Thursday, August 25 by BMO Capital Markets.
About 14.93 million shares traded hands or 6.11% up from the average. HP Inc (NYSE:HPQ) has risen 26.69% since April 21, 2016 and is uptrending. It has outperformed by 21.36% the S&P500.
Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.18, from 0.57 in 2016Q1. The ratio increased, as 9 funds sold all HP Inc shares owned while 12 reduced positions. 4 funds bought stakes while 8 increased positions. They now own 4.91 million shares or 18.11% less from 6.00 million shares in 2016Q1.
The Oregon-based Ferguson Wellman Capital Mngmt has invested 0.01% in HP Inc (NYSE:HPQ). Greenwich Wealth Mgmt Limited Liability Co has 0.06% invested in the company for 156,109 shares. Balasa Dinverno & Foltz Limited Liability Co holds 0.15% of its portfolio in HP Inc (NYSE:HPQ) for 65,334 shares. Gulf Natl Bank (Uk) Ltd last reported 0.11% of its portfolio in the stock. Intll Value Advisers Limited Co, a New York-based fund reported 731,953 shares. Palisade Asset Mgmt Ltd Limited Liability Company has 0.07% invested in the company for 29,180 shares. Westport Mngmt accumulated 0.01% or 2,674 shares. Palo Cap has invested 0.14% of its portfolio in HP Inc (NYSE:HPQ). The California-based Private Ocean Limited Liability has invested 0.02% in HP Inc (NYSE:HPQ). Tirschwell & Loewy last reported 22,000 shares in the company. Focused Wealth Inc holds 0.11% of its portfolio in HP Inc (NYSE:HPQ) for 18,527 shares. Gemmer Asset Mngmt Limited Liability Company reported 1,704 shares or 0.01% of all its holdings. Mutual Of Omaha National Bank & Trust Wealth Mgmt last reported 12,075 shares in the company. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 17,200 shares or 0.03% of their US portfolio. West Oak Limited Liability Corp accumulated 0% or 2,050 shares.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 4 selling transactions for $4.50 million net activity. 200,000 shares were sold by KEOGH TRACY S, worth $2.63M on Friday, May 27. MYERS MARIE had sold 10,269 shares worth $149,414 on Monday, August 29.
HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company has a market cap of $25.38 billion. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. It has a 9.72 P/E ratio. The Company’s Personal Systems segment provides commercial personal computers , consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.
According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.”
HP Inc., incorporated on February 11, 1998, is a well-known provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. The Firm sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.
More notable recent HP Inc (NYSE:HPQ) news were published by: Wsj.com which released: “HP Inc. Posts Revenue Increase as PC Business Rebounds” on November 22, 2016, also Fortune.com with their article: “HP Inc. Feels Some Pain From Slumping Printer Business” published on November 23, 2016, Nasdaq.com published: “HP Inc. (HPQ) Q4 Earnings Match Estimates, Revenues Beat” on November 23, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Marketwatch.com and their article: “Hewlett Packard Enterprise, HP Inc. both drop after earnings” published on November 22, 2016 as well as Bloomberg.com‘s news article titled: “HP Inc. Sees Profit That May Fall Before Planned Cost Cuts” with publication date: November 22, 2016.
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By Nellie Frank