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.
Several price targets were given for HPQ by the analysts covering the stock. The maximum price target given was 23, which equates to a potential upside of 19.98 percent. The most pessimistic analyst gave a price target of 14, which equates to a potential downside of -26.97 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
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 have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, 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. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of HPQ is 0.91.
In the last 52-weeks, HPQ has achieved a high of 19.58 and a low of 13.55. The current market price is above the trailing year's low by 41.48 percent, and below the high by 2.09 percent. HPQ has a price/earnings 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 market cap of HPQ is $32.34 billion. HPQ's next earnings release will be on 0000-00-00, which is days away.