J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on HP (HPQ – Research Report) on November 20 and set a price target of $35.00. The company’s shares closed last Wednesday at $28.66.
According to TipRanks, Chatterjee is a 5-star analyst with an average return of 8.6% and a 54.31% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Apple, HP, and Juniper Networks.
In addition to J.P. Morgan, HP also received a Buy from Citi’s Asiya Merchant in a report issued on November 22. However, on the same day, Barclays maintained a Sell rating on HP (NYSE: HPQ).
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HPQ market cap is currently $28.32B and has a P/E ratio of 8.79.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HPQ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
HP (HPQ) Company Description:
HP Inc. was formed following the split of Hewlett-Packard Company in 2015 and is among the world’s top five personal computer manufacturers. The company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small and medium businesses, and large enterprises.
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