HP Inc. (NYSE:HPQ – Get Rating) CEO Enrique Lores sold 34,000 shares of the business's stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $25.23, for a total value of $857,820.00. Following the completion of the sale, the chief executive officer now directly owns 517,204 shares in the company, valued at approximately $13,049,056.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.

HP Stock Up 2.9 %

Shares of HP stock opened at $26.64 on Wednesday. HP Inc. has a 12 month low of $24.74 and a 12 month high of $41.47. The business has a fifty day simple moving average of $30.06 and a 200 day simple moving average of $33.86. The stock has a market cap of $26.80 billion, a PE ratio of 4.66, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.

HP (NYSE:HPQ – Get Rating) last announced its quarterly earnings data on Tuesday, August 30th. The computer maker reported $1.04 EPS for the quarter, hitting analysts' consensus estimates of $1.04. HP had a negative return on equity of 220.16% and a net margin of 9.72%. The business had revenue of $14.66 billion during the quarter, compared to analysts' expectations of $15.63 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. Analysts expect that HP Inc. will post 4.08 EPS for the current fiscal year.

Institutional Investors Weigh In On HP

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HPQ shares. Evercore ISI cut their price objective on HP to $33.00 in a research report on Tuesday, September 6th. Credit Suisse Group cut their price objective on HP from $39.00 to $33.00 and set an "outperform" rating for the company in a research report on Wednesday, August 31st. Barclays cut their price objective on HP from $32.00 to $27.00 and set an "underweight" rating for the company in a research report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft cut their price objective on HP from $36.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, August 31st. Finally, Wells Fargo & Company cut their price objective on HP from $30.00 to $25.00 and set an "underweight" rating for the company in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.79.

About HP

(Get Rating)

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

Read More

• Get a free copy of the StockNews.com research report on HP (HPQ)
• Don't Give Up on These Q3 Losers
• The Anatomy of a Great Pension Plan
• 3 Safe Earnings Plays for a Risk-Off Market
• Tyson Foods Takes a Lickin' and Keeps on Tickin' Lower
• Small-Cap Catalyst Pharma Is Among Market's Best Price Performers

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.