HP (HPQ) Receives a Hold from Wells Fargo

By Austin Angelo

In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Hold rating on HP (HPQResearch Report). The company’s shares closed last Monday at $20.06.

According to TipRanks.com, Rakers is a 5-star analyst with an average return of 15.5% and a 64.0% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Dell Technologies, and Arista Networks.

HP has an analyst consensus of Hold, with a price target consensus of $19.00, which is a -5.5% downside from current levels. In a report issued on November 18, Deutsche Bank also maintained a Hold rating on the stock.

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The company has a one-year high of $24.17 and a one-year low of $15.93. Currently, HP has an average volume of 13.8M.

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HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments.