HP Inc Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

In a report issued on May 24, Aaron Rakers from Stifel Nicolaus reiterated a Hold rating on HP Inc (NYSE: HPQ), with a price target of $14. The company’s shares closed yesterday at $18.47, close to its 52-week high of $19.58.

According to TipRanks.com, Rakers is a 4-star analyst with an average return of 13.0% and a 62.4% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Electronics for Imaging, and Super Micro Computer.

Currently, the analyst consensus on HP Inc is Moderate Buy and the average price target is $20, representing an 8.3% upside.

In a report issued on May 19, RBC Capital also reiterated a Hold rating on the stock with a $20 price target.

Based on HP Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $12.39 billion and quarterly net profit of $559 million. In comparison, last year the company earned revenue of $11.5 billion and had a net profit of $629 million.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPQ in relation to earlier this year. Earlier this month, Carl Bass, a Director at HPQ bought 13,547 shares for a total of $256,174.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small and medium-sized businesses and large enterprises, including customers in the government, health and education sectors. It operates through following business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers Commercial personal computers, Consumer PCs, Workstations, thin clients, Commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, support, and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, solutions and services, as well as scanning devices. The Corporate Investments segment includes HP Labs and certain business incubation projects. The company was founded by William R. Hewlett and David Packard in January 1939 and is headquartered in Palo Alto, CA.