HP Inc. [NYSE: HPQ] stock went on an upward path that rose over 3.62% on Monday, amounting to a one-week price decrease of less than -7.15%. Over the last 12 months, HPQ stock dropped by -15.27%. The one-year HP Inc. stock forecast points to a potential upside of 4.64. The average equity rating for HPQ stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $23.20 billion, with 1.44 billion shares outstanding and 1.43 billion shares in the current float. Compared to the average trading volume of 15.82M shares, HPQ stock reached a trading volume of 15648088 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on HP Inc. [HPQ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPQ shares is $17.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPQ stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for HP Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 28, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $16 to $17. The new note on the price target was released on May 28, 2020, representing the official price target for HP Inc. stock. Previously, the target price had yet another raise from $17 to $18, while Deutsche Bank kept a Hold rating on HPQ stock. On May 28, 2020, analysts decreased their price target for HPQ shares from 18 to 16.
The Average True Range (ATR) for HP Inc. is set at 0.91, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.41. Price to Free Cash Flow for HPQ in the course of the last twelve months was 11.56 with Quick ratio for the last quarter at 0.50.
HPQ Stock Performance Analysis:
HP Inc. [HPQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.15. With this latest performance, HPQ shares gained by 16.26% in over the last four-week period, additionally sinking by -17.43% over the last 6 months – not to mention a drop of -15.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPQ stock in for the last two-week period is set at 53.84, with the RSI for the last a single of trading hit 53.75, and the three-weeks RSI is set at 52.52 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 15.70, while it was recorded at 16.64 for the last single week of trading, and 18.47 for the last 200 days.
Insight into HP Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and HP Inc. [HPQ] shares currently have an operating margin of +6.53 and a Gross Margin at +18.30. HP Inc.’s Net Margin is presently recorded at +5.40.
Return on Total Capital for HPQ is now 81.94, given the latest momentum, and Return on Invested Capital for the company is 84.37. Additionally, HPQ Total Debt to Total Capital is recorded at 130.25, with Total Debt to Total Assets ending up at 15.35.
Reflecting on the efficiency of the workforce at the company, HP Inc. [HPQ] managed to generate an average of $56,286 per employee. Receivables Turnover for the company is 6.89 with a Total Asset Turnover recorded at a value of 1.71.HP Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.80.
HPQ Stock EPS
With the latest financial reports released by the company, HP Inc. posted 0.58/share EPS, while the average EPS was predicted by analysts to be reported at 0.55/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HP Inc. go to 7.61%.
HP Inc. [HPQ] Insider Position Details
There are presently around $18,724 million, or 82.30% of HPQ stock, in the hands of institutional investors. The top three institutional holders of HPQ stocks are: DODGE & COX with ownership of 154,328,296, which is approximately 29.99% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 132,065,273 shares of the stock with an approximate value of $2.15 billion in HPQ stocks shares; and BLACKROCK INC., currently with $1.65 billion in HPQ stock with ownership of nearly 1.183% of the company’s market capitalization.
348 institutional holders increased their position in HP Inc. [NYSE:HPQ] by around 127,338,158 shares. Additionally, 482 investors decreased positions by around 134,893,529 shares, while 149 investors held positions by with 887,919,186 shares. The mentioned changes placed institutional holdings at 1,150,150,873 shares, according to the latest SEC report filing. HPQ stock had 82 new institutional investments in for a total of 25,226,207 shares, while 123 institutional investors sold positions of 21,651,694 shares during the same period.