Analyst Ratings for HP Inc. (HPQ)Updated: 2017-07-28
An average rating of Overweight has been given to HP Inc. (NYSE:HPQ) by analysts covering the stock. HPQ had previously received a consensus rating of Overweight a month ago.
Of the 26 analysts covering the stock, 13 gave it a buy rating, 2 gave an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for HPQ. The highest price target was 23, implying a possible profit of 19.98 percent. The minimum price target given was 14, implying potential capital losses of -26.97 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 1.22 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.24 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of HPQ's earnings is estimated by analysts to be 14.8 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of HPQ is 0.91.
HPQ has a 52-week high of 19.58 and a 52-week low of 13.55. Currently the stock is 41.48 percent higher than its low, and below the high by 2.09 percent. HPQ has a P/E ratio of 13.5. Investors typically compare the P/E ratio to a company's peers in the industry. The HPQ value stock report compares HPQ to some of its peers using value stock charts. The stock has a market capitalization of $32.34 billion. HPQ's next earnings release will be on 0000-00-00, which is days away.