News coverage about HP (NYSE:HPQ) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HP earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the computer maker an impact score of 45.515633951881 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Analyzing Dell (DELL) and HP (HPQ) (americanbankingnews.com)
- Contrasting Quantum (QTM) & HP (HPQ) (americanbankingnews.com)
- Why HP Inc. Rose 11% in January (fool.com)
- HP Inc’s New 3D Color Printers Will Likely Accelerate Prototyping Industry Adoption (finance.yahoo.com)
- Intermediate Trade: HP Inc. (realmoneypro.thestreet.com)
A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of HP from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Loop Capital restated a “buy” rating and set a $28.00 price objective on shares of HP in a research note on Monday, January 22nd. Maxim Group reiterated a “hold” rating and issued a $25.00 price target on shares of HP in a research note on Wednesday, November 22nd. Wells Fargo & Co began coverage on shares of HP in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price target for the company. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of HP in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.83.
Shares of HP (NYSE:HPQ) opened at $20.41 on Tuesday. The stock has a market cap of $33,085.54, a P/E ratio of 13.70, a PEG ratio of 2.11 and a beta of 1.77. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. HP has a 1 year low of $15.70 and a 1 year high of $24.10.
HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. HP’s quarterly revenue was up 11.3% on a year-over-year basis. sell-side analysts expect that HP will post 1.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a $0.1393 dividend. This represents a $0.56 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s dividend payout ratio is presently 37.58%.
In related news, insider Kim M. Rivera sold 14,635 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $21.08, for a total value of $308,505.80. Following the completion of the sale, the insider now directly owns 79,553 shares of the company’s stock, valued at $1,676,977.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ron Coughlin sold 25,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.48, for a total transaction of $537,000.00. Following the completion of the sale, the insider now directly owns 53,173 shares of the company’s stock, valued at $1,142,156.04. The disclosure for this sale can be found here. Insiders have sold 902,988 shares of company stock worth $19,938,441 in the last quarter. Company insiders own 0.62% of the company’s stock.
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HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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