HP Inc. [NYSE: HPQ] slipped around -0.61 points on Monday, while shares priced at $18.34 at the close of the session, down -3.22%.
HP Inc. stock is now -10.75% down from its year-to-date (YTD) trading value. HPQ Stock saw the intraday high of $18.58 and lowest of $18.09 per share. The company’s 52-week high price is 23.93, which means current price is +46.25% above from all time high which was touched on 02/25/20.
Compared to the average trading volume of 11.92M shares, HPQ reached a trading volume of 11339272 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $19.54 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.
Standpoint Research have made an estimate for HP Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 08, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $17 to $18. The new note on the price target was released on August 28, 2020, representing the official price target for HP Inc. stock. Previously, the target price had yet another raise from $17 to $20, while Morgan Stanley kept a Equal-Weight rating on HPQ stock. On August 28, 2020, analysts increased their price target for HPQ shares from 20 to 25.
The Average True Range (ATR) for HP Inc. is set at 0.57, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.45. Price to Free Cash Flow for HPQ in the course of the last twelve months was 18.50 with Quick ratio for the last quarter at 0.60.
How has HPQ stock performed recently?
HP Inc. [HPQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.12. With this latest performance, HPQ shares gained by 1.05% in over the last four-week period, additionally plugging by 33.87% over the last 6 months – not to mention a drop of -0.70% 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 43.36, with the RSI for the last a single of trading hit 35.81, and the three-weeks RSI is set at 47.46 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 18.39, while it was recorded at 19.02 for the last single week of trading, and 18.31 for the last 200 days.
HP Inc. [HPQ]: Deeper insight into the 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 0.60 and a Current Ratio set at 0.80.
Earnings analysis for HP Inc. [HPQ]
With the latest financial reports released by the company, HP Inc. posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.40%. 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 9.34%.
Insider trade positions for HP Inc. [HPQ]
There are presently around $20,826 million, or 84.80% of HPQ stock, in the hands of institutional investors. The top three institutional holders of HPQ stocks are: DODGE & COX with ownership of 182,894,106, which is approximately 18.51% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 126,165,638 shares of the stock with an approximate value of $2.31 billion in HPQ stocks shares; and BLACKROCK INC., currently with $2.16 billion in HPQ stock with ownership of nearly 16.595% of the company’s market capitalization.
Positions in HP Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 381 institutional holders increased their position in HP Inc. [NYSE:HPQ] by around 133,793,672 shares. Additionally, 410 investors decreased positions by around 152,587,841 shares, while 145 investors held positions by with 849,164,760 shares. The mentioned changes placed institutional holdings at 1,135,546,273 shares, according to the latest SEC report filing. HPQ stock had 85 new institutional investments in for a total of 7,864,055 shares, while 91 institutional investors sold positions of 91,507,389 shares during the same period.