In today’s recent session, 2.72 million shares of the HP Inc (NYSE:HPQ) have been traded, and its beta is 1.08. Most recently the company’s share price was $35.13, and it changed around -$0.47 or -1.31% from the last close, which brings the market valuation of the company to $34.38B. HPQ at last check was trading at a discount to its 52-week high of $39.52, offering almost -12.5% off that amount. The share price’s 52-week low was $25.22, which indicates that the recent value has risen by an impressive 28.21% since then. We note from HP Inc’s average daily trading volume that its 10-day average is 5.99 million shares, with the 3-month average coming to 8.02 million.
HP Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.32. 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 0.86 for the current quarter.
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HP Inc (NYSE:HPQ) trade information
Instantly HPQ has been showing red trend so far today with a performance of -1.31% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 36.17 on recent trading dayincreased the stock’s daily price by 2.88%. The company’s shares are currently up 16.77% year-to-date, but still down -0.38% over the last five days. On the other hand, HP Inc (NYSE:HPQ) is -1.08% down in the 30-day period. We can see from the shorts that 27.3 million shares have been sold at a short interest cover period of 4.29 day(s).
The consensus price target as assigned by Wall Street analysts is $32, which translates to bulls needing to decrease their stock price by -9.78% from its current value. Analyst projections state that HPQ is forecast to be at a low of $27 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 22.34 percent over the past six months and at a 5.18% annual growth rate that is well below the industry average of 19.20%. The year-over-year growth rate is expected to be -0.20%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 13.38B in revenue for the current quarter. 10 analysts expect HP Inc to make 14.28B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 3.40%.
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 5.08% in 2024, but the outlook is positive 5.10% per year for the next five years.
HPQ Dividends
HP Inc’s next quarterly earnings report is expected to be released on 2024-Aug-28. The annual dividend yield of the stock is 3.10 percent and its annual dividend per share was 1.09. It is important to note, however, that the 3.10% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.22 per year.
HP Inc (NYSE:HPQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.19% of HP Inc shares, and 79.74% of them are in the hands of institutional investors. The stock currently has a share float of 79.90%. HP Inc stock is held by 1600.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.2582% of the shares, which is about 120.62 million shares worth $4.22 billion.
BLACKROCK INC., with 10.6348% or 104.65 million shares worth $3.66 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Dodge & Cox Stock Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 29.55 shares worth $1.04 billion, making up 3.02% of all outstanding shares. On the other hand, Dodge & Cox Stock Fund held roughly 26.32 shares worth around $923.04 million, which represents about 2.69% of the total shares outstanding.
