Currently, there are 989.00M common shares owned by the public and among those 961.57M shares have been available to trade.
The company’s stock has a 5-day price change of 2.16% and 2.57% over the past three months. HPQ shares are trading 19.21% year to date (YTD), with the 12-month market performance up to 40.28% higher. It has a 12-month low price of $25.22 and touched a high of $39.52 over the same period. HPQ has an average intraday trading volume of 7.57 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 3.36%, 2.51%, and 11.97% respectively.
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Institutional ownership of HP Inc (NYSE: HPQ) shares accounts for 80.23% of the company’s 989.00M shares outstanding.
It has a market capitalization of $34.57B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 12.58, while the earnings-per-share (ttm) stands at $2.85. The company has a PEG of 3.07 and a Quick Ratio of 0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.93% over the week and 1.99% over the month.
Earnings per share for the fiscal year are expected to increase by 3.07%, and 6.94% over the next financial year. EPS should grow at an annualized rate of 4.10% 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. BofA Securities stated their Neutral rating for the stock in a research note on September 27, 2024, with the firm’s price target at $37. JP Morgan coverage for the HP Inc (HPQ) stock in a research note released on August 23, 2024 offered a Overweight rating with a price target of $42. Morgan Stanley was of a view on August 19, 2024 that the stock is Equal-Weight, while TD Cowen gave the stock Hold rating on May 30, 2024, issuing a price target of $30- $32. Barclays on their part issued Equal Weight rating on May 21, 2024.
