Morgan Stanley Keeps Their Hold Rating on HP Inc (HPQ)

By Carrie Williams

Morgan Stanley analyst Kathryn Huberty maintained a Hold rating on HP Inc (HPQResearch Report) today and set a price target of $21. The company’s shares closed last Monday at $18.93, close to its 52-week low of $18.06.

According to TipRanks.com, Huberty is a 5-star analyst with an average return of 10.4% and a 60.4% success rate. Huberty covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Dell Technologies Inc, and Pure Storage Inc.

Currently, the analyst consensus on HP Inc is a Hold with an average price target of $20.17, a 6.6% upside from current levels. In a report issued on August 20, Citigroup also downgraded the stock to Hold with a $21 price target.

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HP Inc’s market cap is currently $28.51B and has a P/E ratio of 7.66. The company has a Price to Book ratio of -19.17.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HPQ in relation to earlier this year.

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. 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.