In yesterday’s Wall Street session, HP Inc (NYSE:HPQ) shares traded at $34.43, up 1.98% from the previous session.
HPQ stock price is now -2.31% away from the 50-day moving average and 8.39% away from the 200-day moving average. The market capitalization of the company currently stands at $33.18B.
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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, LORES ENRIQUE, President and CEO sold 211,501 shares of the company’s stock on Sep 12 ’24. The stock was sold for $7,013,373 at an average price of $33.16. Upon completion of the transaction, the President and CEO now directly owns 3 shares in the company, valued at $103.29. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Officer LORES ENRIQUE bought 211,501 shares of the business’s stock. A total of $7,012,593 was incurred on buying the stock at an average price of $33.16. A total of 0.22% 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 $41111801856, which is based on a 12.08 price-to-earnings ratio, a 2.52 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for HPQ is $35.2272 and a two-hundred day moving average price translates $31.7919 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.
