HP Inc. (NYSE:HPQ) registered a 0.07% increase, still its new closing price is 72.49% up from the company’s 1 year high of 16.11.It posted 0.48% gains in previous 5 sessions and is now the subject of 15 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 26 stock analysts following this company have an average price target at $16.15, with individual PT in the $13.00-$19.00 range. The shares moved at $14.80, implying that brokerage firms see shares gaining about 62.12% in twelve months time.
HP Inc. (HPQ) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.27% fall year to date. A Chief Legal Officer, GC & Sec at HP Inc. (HPQ) offloaded shares in a transaction closed on Tuesday December 13, 2016. Rivera Kim M sold 14,220 shares in the company at $15.85 each and collected $225,000 in proceeds. Rivera Kim M now owns 0 shares in the company after this transaction. A President, Personal Systems in the company, COUGHLIN RON, disclosed a transaction on Wednesday December 07, 2016 that ended up generating $1,791,000 from the sale of 113,503 shares at $15.78 per share.
HP Inc. (NYSE:HPQ) Upcoming Results on Tap
HP Inc. will next provide financial results for the January 2017 quarter. Stock analysts expect it to report per-share earnings of $0.37 in that period. Sales during the quarter are predicted to arrive at $11.8 billion.
Earnings surprise history: Last quarter, the company posted approximately $12.51 billion in revenue and EPS of $0.36. The mean forecast was for $11.9 billion and $0.36 a share, respectively. One quarter earlier, revenue for the stock was at $11.89 billion, with earnings at $0.48/share.
HP Inc. (HPQ) Brokerage Update
HP Inc. (HPQ) is in Jefferies’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Jefferies, according to news reported on Wednesday November 23, 2016.Another important research note was issued by Maxim Group on Thursday August 25, 2016.The firm downgraded HPQ to Hold from Buy. Over the last six months and over the last three months, the shares of HP Inc. (HPQ), have changed 8.02% and 7.30%, respectively.