News coverage about HP (NYSE:HPQ) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HP earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the computer maker an impact score of 43.8299940692352 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Better Buy: HP Inc. vs. Cisco Systems (fool.com)
- Major Averages Close Modestly Lower After Lackluster Session – U.S. Commentary (rttnews.com)
- HP Inc (HPQ) Sees The Tape Move Mid-Market – Evergreen Caller (evergreencaller.com)
- (NYSE:LUV) and HP Inc. (NYSE:HPQ) Seeing Volume Pop in Session – AppsforPCdaily (appsforpcdaily.com)
- Tech Stock Earnings For Next Week (zacks.com)
HPQ has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price target on shares of HP in a research report on Friday, May 26th. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC lifted their price target on shares of HP from $18.00 to $18.75 and gave the company a “hold” rating in a research report on Tuesday, July 18th. Bank of America Corporation lifted their price target on shares of HP from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Royal Bank Of Canada lifted their price target on shares of HP from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Thursday, May 25th. Nine analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.89.
Shares of HP (HPQ) traded down 0.70% during midday trading on Friday, reaching $18.51. The company had a trading volume of 11,687,271 shares. The company has a 50 day moving average of $18.67 and a 200 day moving average of $17.95. HP has a 12-month low of $13.55 and a 12-month high of $19.58. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 13.09 and a beta of 1.90.
HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. HP had a negative return on equity of 68.86% and a net margin of 4.94%. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that HP will post $1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.1327 dividend. This represents a $0.53 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is currently 37.32%.
In related news, COO Jon E. Flaxman sold 35,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $18.26, for a total transaction of $639,100.00. Following the completion of the sale, the chief operating officer now owns 62,203 shares in the company, valued at $1,135,826.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marie Myers sold 12,119 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.07, for a total value of $218,990.33. Following the sale, the insider now owns 5,621 shares of the company’s stock, valued at approximately $101,571.47. The disclosure for this sale can be found here. Insiders sold 1,748,815 shares of company stock worth $32,623,560 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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