HP Inc. (NYSE:HPQ) stock is presently standing at about $14.80 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 22 analysts covering the company is $16.00, which suggests the stock could still rise over 7 percent. The highest analyst price target is $19.00, which implies a rally of 72 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 5 rate HPQ a strong buy. There are 14 equity research firms advocating a Hold and 0 consider it Sell.
Guggenheim analysts provided their view on HP Inc. (NYSE:HPQ) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 04, 2017. Jefferies analysts disclosed their opinion on HP Inc. (NYSE:HPQ) recently. The rating firm gave a Hold rating to this stock in a research note published on Nov 23, 2016. According to a research note disclosed on Aug 25, 2016, analysts at Maxim Group have lowered their rating on these shares from Buy to Hold.
HP Inc. (NYSE:HPQ) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Chief Legal Officer, GC & Sec Rivera Kim M sold 14,220 company shares for $225000.39, in a transaction on 2016-12-13. Following the transaction, the Chief Legal Officer, GC & Sec is left with a stake of 225.39 shares, currently valued at $3336. Meanwhile, President, Personal Systems COUGHLIN RON sold 113,503 shares worth $1791000.08, through a transaction dated 2016-12-07. Following the completion of the transaction, the insider is left with a stake of 55,788 shares, amounting $825662.4. HPQ Chief Legal Officer, GC & Sec Rivera Kim M also sold 46,560 shares, at a stock price of $15.2. This transaction occurred on 2016-12-01 totals $707000.71. After this transaction, the insider’s stake stands at 0 shares, with a market value of $0.
Executives hold 0.29 percent of the stock. Carleton S. (Carly) Fiorina is one of the biggest insider owners in HP Inc. (NYSE:HPQ), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 852,912 shares which have current market value of around $12623097.6.Margaret C. Whitman is another major inside shareholder in the company. The insider owns 457,342 shares as of less than 0.1%, currently worth $6768661.6. Mr. Mark V. Hurd is ranked as third insider holder of the stock. This insider holds 396,374 shares with a market value around $5866335.2 as of recent close.
HP Inc. (NYSE:HPQ) Earnings Outlook
In HP Inc. (NYSE:HPQ)’s latest quarter, EPS moved to $0.36 from $0.48 in preceding quarter and revenues reached at $12,512.00M compared to $11,892.00M. Analysts had expected HP Inc. (NYSE:HPQ) to post net income of about $0.36 per share on $11,901.80M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.32 to $0.38. That is compared with the $0.36 in EPS it reported during the same period a year ago.