HP Inc. (NYSE:HPQ) has earned a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of brokerages have weighed in on HPQ. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, May 31st. Deutsche Bank raised their target price on shares of HP from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Citigroup raised their target price on shares of HP to $30.00 and gave the company a “buy” rating in a research note on Friday, August 24th. BMO Capital Markets decreased their target price on shares of HP to $22.00 and set a “market perform” rating for the company in a research note on Wednesday, May 30th. Finally, Susquehanna Bancshares set a $22.00 target price on shares of HP and gave the company a “hold” rating in a research note on Wednesday, May 30th.

In related news, insider Marie Myers sold 8,470 shares of the firm’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $22.85, for a total transaction of $193,539.50. Following the completion of the sale, the insider now owns 8,470 shares of the company’s stock, valued at $193,539.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its holdings in HP by 1.0% in the second quarter. Mutual of America Capital Management LLC now owns 211,566 shares of the computer maker’s stock worth $4,800,000 after purchasing an additional 2,101 shares during the last quarter. First Allied Advisory Services Inc. boosted its holdings in HP by 9.3% in the first quarter. First Allied Advisory Services Inc. now owns 26,151 shares of the computer maker’s stock worth $572,000 after purchasing an additional 2,230 shares during the last quarter. MAI Capital Management boosted its holdings in HP by 16.5% in the second quarter. MAI Capital Management now owns 16,542 shares of the computer maker’s stock worth $375,000 after purchasing an additional 2,348 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in HP by 1.6% in the second quarter. Dorsey Wright & Associates now owns 153,022 shares of the computer maker’s stock worth $3,472,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Hudson Capital Management LLC boosted its holdings in HP by 3.7% in the second quarter. Hudson Capital Management LLC now owns 68,410 shares of the computer maker’s stock worth $1,552,000 after purchasing an additional 2,463 shares during the last quarter. 79.72% of the stock is owned by institutional investors.

Shares of NYSE HPQ traded down $0.03 on Wednesday, reaching $25.01. 5,937,300 shares of the company’s stock traded hands, compared to its average volume of 8,821,714. HP has a 12 month low of $19.31 and a 12 month high of $25.28. The company has a market capitalization of $38.93 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.87 and a beta of 1.59. The company has a debt-to-equity ratio of -2.55, a quick ratio of 0.61 and a current ratio of 0.85.

HP (NYSE:HPQ) last announced its earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. HP had a net margin of 7.95% and a negative return on equity of 130.47%. The business had revenue of $14.59 billion during the quarter, compared to the consensus estimate of $14.29 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts forecast that HP will post 2.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Wednesday, September 12th will be given a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, September 11th. HP’s dividend payout ratio (DPR) is currently 33.94%.

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.

Read More: How much money do you need to begin day trading?

Analyst Recommendations for HP (NYSE:HPQ)

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.