Stick With HP Inc (HPQ). The Bull Are Alive And Well

Currently, there are 989.00M common shares owned by the public and among those 961.43M shares have been available to trade.

The company’s stock has a 5-day price change of 5.00% and 10.39% over the past three months. HPQ shares are trading 30.61% year to date (YTD), with the 12-month market performance up to 37.22% higher. It has a 12-month low price of $27.42 and touched a high of $39.52 over the same period. HPQ has an average intraday trading volume of 7.50 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 6.18%, 7.76%, and 17.33% respectively.

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Institutional ownership of HP Inc (NYSE: HPQ) shares accounts for 81.91% of the company’s 989.00M shares outstanding.

It has a market capitalization of $38.09B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 13.79, while the earnings-per-share (ttm) stands at $2.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 2.40% over the month.

Earnings per share for the fiscal year are expected to increase by 3.09%, and 6.85% over the next financial year. EPS should shrink at an annualized rate of -2.00% 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. Citigroup stated their Neutral rating for the stock in a research note on October 01, 2024, with the firm’s price target at $37. BofA Securities coverage for the HP Inc (HPQ) stock in a research note released on September 27, 2024 offered a Neutral rating with a price target of $37. JP Morgan was of a view on August 23, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Equal-Weight rating on August 19, 2024, issuing a price target of $37- $37. TD Cowen on their part issued Hold rating on May 30, 2024.

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