Currently, there are 989.00M common shares owned by the public and among those 988.63M shares have been available to trade.
Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 498,373 shares. Insider sales of the common stock occurred on 32 occasions, with total insider shares sold totaling 23,529,905 shares.
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The company’s stock has a 5-day price change of 0.77% and 0.49% over the past three months. HPQ shares are trading -4.29% year to date (YTD), with the 12-month market performance down to -2.54% lower. It has a 12-month low price of $25.22 and touched a high of $33.90 over the same period. HPQ has an average intraday trading volume of 8.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.30%, -2.18%, and -2.23% respectively.
Institutional ownership of HP Inc (NYSE: HPQ) shares accounts for 78.02% of the company’s 989.00M shares outstanding.
It has a market capitalization of $28.54B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 8.75, while the earnings-per-share (ttm) stands at $3.29. The company has a PEG of 1.13 and a Quick Ratio of 0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.72% over the week and 1.70% over the month.
Analysts forecast that HP Inc (HPQ) will achieve an EPS of $0.81 for the current quarter, $0.81 for the next quarter and $3.68 for 2025. The lowest estimate earnings-per-share for the quarter is $0.74 while analysts give the company a high EPS estimate of $0.84. Comparatively, EPS for the current quarter was $0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 5.28%, and 7.21% over the next financial year. EPS should grow at an annualized rate of 7.73% over the next five years, compared to 0.02% over the past 5-year period.
Looking at the support for the HPQ, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on February 14, 2024, with the firm’s price target at $30-$33. Morgan Stanley coverage for the HP Inc (HPQ) stock in a research note released on December 12, 2023 offered a Overweight rating with a price target of $35. Evercore ISI was of a view on December 11, 2023 that the stock is Outperform, while Citigroup gave the stock Buy rating on November 13, 2023, issuing a price target of $31- $33. Edward Jones on their part issued Buy rating on November 07, 2023.
