HP Inc [NYSE: HPQ] loss -0.25% on the last trading session, reaching $35.57 price per share at the time.
If compared to the average trading volume of 8.06M shares, HPQ reached a trading volume of 5414606 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $36.43 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 2.32. 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.
JP Morgan have made an estimate for HP Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 23, 2024. The new note on the price target was released on August 19, 2024, representing the official price target for HP Inc stock. Previously, the target price had yet another raise from $30 to $32, while TD Cowen kept a Hold rating on HPQ stock. On May 21, 2024, analysts increased their price target for HPQ shares from 24 to 30.
The Average True Range (ATR) for HP Inc is set at 0.88, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.66. Price to Free Cash Flow for HPQ in the course of the last twelve months was 11.27 with Quick ratio for the last quarter at 0.45.
Trading performance analysis for HPQ stock
HP Inc [HPQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.80. With this latest performance, HPQ shares dropped by -2.12% in over the last four-week period, additionally plugging by 23.51% over the last 6 months – not to mention a rise of 15.67% 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 53.65, with the RSI for the last a single of trading hit 56.80, and the three-weeks RSI is set at 52.71 for HP Inc [HPQ]. The present Moving Average for the last 50 days of trading for this stock 35.55, while it was recorded at 35.28 for the last single week of trading, and 31.32 for the last 200 days.
HP Inc [HPQ]: A deeper dive into fundamental analysis
HP Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.45 and a Current Ratio set at 0.75.
HP Inc [HPQ]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, HP Inc posted 0.86/share EPS, while the average EPS was predicted by analysts to be reported at 0.86/share. 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 5.10%.
An analysis of Institutional ownership at HP Inc [HPQ]
There are presently around $79.74%, or 79.90%% of HPQ stock, in the hands of institutional investors. The top three institutional holders of HPQ stocks are: VANGUARD GROUP INC with ownership of 120.62 million shares, which is approximately 12.2582%. BLACKROCK INC., holding 104.65 million shares of the stock with an approximate value of $$3.66 billion in HPQ stocks shares; and BLACKROCK INC., currently with $$1.69 billion in HPQ stock with ownership which is approximately 4.8657%.
