Cowen began coverage on shares of HP (NYSE:HPQ) in a report released on Tuesday, Briefing.com Automated Import reports. The firm issued a market perform rating and a $18.00 price objective on the computer maker’s stock.

Several other research firms also recently issued reports on HPQ. Deutsche Bank increased their target price on HP from $17.00 to $18.00 and gave the stock a hold rating in a research report on Thursday, May 28th. Longbow Research dropped their target price on HP from $24.00 to $20.00 and set a hold rating on the stock in a research report on Wednesday, April 1st. Loop Capital dropped their target price on HP from $28.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, March 19th. UBS Group dropped their target price on HP from $22.50 to $17.00 and set a neutral rating on the stock in a research report on Thursday, May 28th. Finally, Zacks Investment Research upgraded HP from a sell rating to a hold rating and set a $16.00 target price on the stock in a research report on Friday, May 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $18.00.

HP stock traded up $0.06 during trading on Tuesday, hitting $17.06. The stock had a trading volume of 8,977,199 shares, compared to its average volume of 16,982,732. HP has a 1 year low of $12.54 and a 1 year high of $23.93. The stock’s 50 day moving average is $16.45 and its two-hundred day moving average is $18.34. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 5.35 and a beta of 0.98.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. HP had a negative return on equity of 295.77% and a net margin of 5.27%. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.78 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. HP’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, sell-side analysts predict that HP will post 2.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.1762 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.70 dividend on an annualized basis and a yield of 4.13%. HP’s dividend payout ratio is presently 31.25%.

In related news, CEO Enrique Lores acquired 13,500 shares of HP stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $16.47 per share, with a total value of $222,345.00. Also, Director Robert R. Bennett acquired 17,000 shares of HP stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of $16.47 per share, for a total transaction of $279,990.00. In the last three months, insiders purchased 80,500 shares of company stock worth $1,249,835. 0.25% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. PARK CIRCLE Co boosted its holdings in shares of HP by 400.0% during the first quarter. PARK CIRCLE Co now owns 1,500 shares of the computer maker’s stock worth $26,000 after purchasing an additional 2,000 shares during the period. WASHINGTON TRUST Co purchased a new stake in shares of HP during the first quarter worth about $27,000. CVA Family Office LLC purchased a new stake in shares of HP during the first quarter worth about $28,000. Ameritas Investment Company LLC boosted its holdings in shares of HP by 87.7% during the first quarter. Ameritas Investment Company LLC now owns 2,239 shares of the computer maker’s stock worth $36,000 after purchasing an additional 1,046 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of HP during the fourth quarter worth about $42,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for HP (NYSE:HPQ)

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