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.
Many analysts weighed in on price targets for HPQ. The most optimistic analyst gave a price target of 23, implying a possible profit of 19.98 percent. The minimum price target given was 14, which equates to a potential downside of -26.97 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 1.22 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.24 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
HPQ has an estimated earnings growth rate of 14.8 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. HPQ has a PEG ratio of 0.91.
HPQ has traded between a high of 19.58 and a low of 13.55 over the past year. Today's price is 41.48 percent above the 52-week low, and 2.09 percent below the high. 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 will post this quarters earnings in days, on 0000-00-00.