In the last trading session, 6.81 million shares of the HP Inc (NYSE:HPQ) were traded, and its beta was 1.06. Most recently the company’s share price was $30.38, and it changed around $0.16 or 0.53% from the last close, which brings the market valuation of the company to $29.73B. HPQ currently trades at a discount to its 52-week high of $33.90, offering almost -11.59% off that amount. The share price’s 52-week low was $25.22, which indicates that the current value has risen by an impressive 16.98% since then. We note from HP Inc’s average daily trading volume that its 10-day average is 6.13 million shares, with the 3-month average coming to 8.46 million.
HP Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 6 recommended HPQ as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. HP Inc is expected to report earnings per share of $0.81 for the current quarter.
HP Inc (NYSE:HPQ) trade information
Instantly HPQ has showed a green trend with a performance of 0.53% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 0.96% year-to-date, but still up 1.10% over the last five days. On the other hand, HP Inc (NYSE:HPQ) is 7.24% up in the 30-day period. We can see from the shorts that 17.28 million shares have been sold at a short interest cover period of 1.69 day(s).
The consensus price target as assigned by Wall Street analysts is $32.89, which translates to bulls needing to increase their stock price by 7.63% from its current value. Analyst projections state that HPQ is forecast to be at a low of $24 and a high of $50.
HP Inc (HPQ) estimates and forecasts
HP Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 18.81 percent over the past six months and at a 3.96% annual growth rate that is well below the industry average of 5.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 1.30% in revenue this quarter, and will report a decrease of -1.20% in the next quarter.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $12.59 billion in revenue for the current quarter. 10 analysts expect HP Inc to make $13.45 billion in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.02%. HP Inc earnings are expected to increase by 4.24% in 2024, but the outlook is positive 3.00% per year for the next five years.
HPQ Dividends
HP Inc’s next quarterly earnings report is expected to be released around May 28 and June 03. The annual dividend yield of the stock is 3.54 percent and its annual dividend per share was 1.08. It is important to note, however, that the 3.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
HP Inc (NYSE:HPQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.52% of HP Inc shares, and 77.20% of them are in the hands of institutional investors. The stock currently has a share float of 79.19%. HP Inc stock is held by 1,512 institutions, with Berkshire Hathaway, Inc being the largest institutional investor. By Jun 29, 2023, it held 12.24% of the shares, which is about 120.95 million shares worth $3.71 billion.
Vanguard Group Inc, with 10.59% or 104.63 million shares worth $3.21 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 28.83 million shares worth $885.37 million, making up 2.92% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 27.75 million shares worth around $852.24 million, which represents about 2.81% of the total shares outstanding.
