The price of HP Inc (NYSE:HPQ) shares last traded on Wall Street fell -0.14% to $35.33.
HPQ stock price is now -0.43% away from the 50-day moving average and 12.10% away from the 200-day moving average. The market capitalization of the company currently stands at $34.05B.
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With the price target enhanced from $38 to $42, JP Morgan maintained Overweight rating for HP Inc (NYSE: HPQ). On August 19, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $37 to quote $37, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, CHO ALEX, President, Personal Systems sold 173,137 shares of the company’s stock on Jun 21 ’24. The stock was sold for $6,251,977 at an average price of $36.11. Upon completion of the transaction, the President, Personal Systems now directly owns 64,676 shares in the company, valued at $2.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Director BENNETT ROBERT R sold 67,000 shares of the business’s stock. A total of $2,010,670 was realized by selling the stock at an average price of $30.01. This leaves the insider owning 60,216 shares of the company worth $2.13 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, HP Inc has had a low of $25.22 and a high of $39.52. According to the stock market information, the enterprise value for the company is $42027335680, which is based on a 12.39 price-to-earnings ratio, a 2.58 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for HPQ is $35.4828 and a two-hundred day moving average price translates $31.5179 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for 2024-07-31. The company reported revenue of $13.52 billion for the quarter, compared to $13.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.45 percent.
