An Analysis Of HP Inc. (HPQ) Stock

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HP Inc. (NYSE:HPQ) has a beta value of 1.04 and has seen 2.37 million shares traded in the recent trading session. The company, currently valued at $32.25B, closed the recent trade at $28.50 per share which meant it gained $0.61 on the day or 2.19% during that session. The HPQ stock price is -26.32% off its 52-week high price of $36.00 and 39.47% above the 52-week low of $17.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.15 million shares traded. The 3-month trading volume is 8.85 million shares.

The consensus among analysts is that HP Inc. (HPQ) is a Hold stock at the moment, with a recommendation rating of 2.60. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 20 have rated it as a Hold, with 7 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.89.

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Sporting 2.19% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/24/21 when the HPQ stock price touched $28.50 or saw a rise of 0.07%. Year-to-date, HP Inc. shares have moved 13.42%, while the 5-day performance has seen it change 0.76%. Over the past 30 days, the shares of HP Inc. (NYSE:HPQ) have changed -5.10%. Short interest in the company has seen 36.78 million shares shorted with days to cover at 4.54.

Wall Street analysts have a consensus price target for the stock at $32.05, which means that the shares’ value could jump 11.08% from the levels at last check today. The projected low price target is $22.00 while the price target rests at a high of $40.00. In that case, then, we find that the latest price level in today’s session is -40.35% off the targeted high while a plunge would see the stock lose 22.81% from the levels at last check today.

HP Inc. (HPQ) estimates and forecasts

Figures show that HP Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -11.91% over the past 6 months, with this year growth rate of 63.60%, compared to 68.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 43.50% and -1.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 9.90%.

14 analysts offering their estimates for the company have set an average revenue estimate of $15.44 billion for the current quarter. 12 have an estimated revenue figure of $15.56 billion for the next quarter concluding in Jan 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.20% over the past 5 years. Earnings growth for 2021 is a modest -0.70% while over the next 5 years, the company’s earnings are expected to increase by 16.52%.

HPQ Dividends

HP Inc. is expected to release its next earnings report between November 22 and November 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.78 at a share yield of 2.80%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.97%.

HP Inc. (NYSE:HPQ)’s Major holders

Insiders own 0.16% of the company shares, while shares held by institutions stand at 80.86% with a share float percentage of 80.98%. Investors are also buoyed by the number of investors in a company, with HP Inc. having a total of 1,387 institutions that hold shares in the company. The top two institutional holders are Dodge & Cox Inc with over 118.23 million shares worth more than $3.57 billion. As of Jun 29, 2021, Dodge & Cox Inc held 9.84% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 115.51 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $3.49 billion and represent 9.62% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of Mar 30, 2021, the former fund manager holds about 6.39% shares in the company for having 76.78 million shares of worth $2.44 billion while later fund manager owns 35.15 million shares of worth $1.12 billion as of Mar 30, 2021, which makes it owner of about 2.93% of company’s outstanding stock.