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.
HPQ was given price targets by several analysts. The most optimistic price target was 23, implying a possible profit of 19.98 percent. The minimum price target given was 14, implying a possible loss of -26.97 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.
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, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of HPQ to grow at a rate of 14.8 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. HPQ has a PEG ratio of 0.91.
In the trailing 52-weeks, HPQ hit 19.58 at the highest peak, while it's lowest trading point was 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.