HP (NYSE:HPQ) had its price target reduced by research analysts at BMO Capital Markets to $22.00 in a note issued to investors on Wednesday. The firm currently has a “market perform” rating on the computer maker’s stock. BMO Capital Markets’ price target would indicate a potential downside of 0.14% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut HP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, February 27th. Royal Bank of Canada reissued a “buy” rating and set a $28.00 price objective on shares of HP in a research note on Friday, February 23rd. UBS Group reissued a “buy” rating and set a $28.00 price objective (up from $26.00) on shares of HP in a research note on Friday, February 23rd. Finally, Deutsche Bank boosted their price objective on HP from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.24.

Shares of HPQ stock opened at $22.03 on Wednesday. HP has a 12-month low of $17.10 and a 12-month high of $24.75. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of -2.31. The stock has a market capitalization of $34.96 billion, a PE ratio of 13.35, a PEG ratio of 1.83 and a beta of 1.67.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, May 29th. The computer maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. HP had a negative return on equity of 88.24% and a net margin of 7.84%. The firm had revenue of $14.00 million for the quarter, compared to analysts’ expectations of $13.57 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. analysts predict that HP will post 1.96 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of HP by 3.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 163,752 shares of the computer maker’s stock valued at $3,440,000 after purchasing an additional 5,168 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of HP by 45.5% in the fourth quarter. Gotham Asset Management LLC now owns 2,800,291 shares of the computer maker’s stock valued at $58,834,000 after purchasing an additional 875,173 shares during the period. Raymond James & Associates boosted its holdings in shares of HP by 6.7% in the fourth quarter. Raymond James & Associates now owns 1,180,797 shares of the computer maker’s stock valued at $24,809,000 after purchasing an additional 74,648 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of HP by 8.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 283,528 shares of the computer maker’s stock valued at $5,957,000 after purchasing an additional 22,444 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of HP by 8.5% in the fourth quarter. Amalgamated Bank now owns 210,666 shares of the computer maker’s stock valued at $4,426,000 after purchasing an additional 16,476 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

HP Company Profile

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.

Analyst Recommendations for HP (NYSE:HPQ)

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