HP (HPQ) Receives Coverage Optimism Score of 1.71

Media stories about HP (NYSE:HPQ) have trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. HP earned a coverage optimism score of 1.71 on their scale. InfoTrie also gave news articles about the computer maker an news buzz score of 9 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the news stories that may have effected HP’s score:

HP stock traded down $0.01 during trading hours on Friday, hitting $24.16. 8,592,400 shares of the company traded hands, compared to its average volume of 9,076,379. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.53 and a beta of 1.50. HP has a 1-year low of $19.31 and a 1-year high of $27.08.

HP (NYSE:HPQ) last released its earnings results on Thursday, August 23rd. The computer maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $14.59 billion for the quarter, compared to analysts’ expectations of $14.29 billion. HP had a net margin of 7.95% and a negative return on equity of 130.47%. HP’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts anticipate that HP will post 2.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 13th will be paid a dividend of $0.1602 per share. This is a boost from HP’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $0.64 annualized dividend and a yield of 2.65%. HP’s dividend payout ratio (DPR) is presently 33.94%.

Several analysts recently weighed in on HPQ shares. UBS Group lifted their price objective on shares of HP from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Maxim Group lifted their price objective on shares of HP from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. ValuEngine upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Deutsche Bank lifted their price objective on shares of HP from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Finally, Citigroup lifted their price objective on shares of HP to $30.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.44.

In other news, COO Catherine A. Lesjak sold 693,594 shares of HP stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $25.78, for a total value of $17,880,853.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kim M. Rivera sold 46,072 shares of HP stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $24.14, for a total transaction of $1,112,178.08. Following the completion of the transaction, the insider now directly owns 15,241 shares in the company, valued at approximately $367,917.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 826,055 shares of company stock worth $21,135,479. 0.25% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “HP (HPQ) Receives Coverage Optimism Score of 1.71” was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/17/hp-hpq-receives-coverage-optimism-score-of-1-71.html.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

Featured Story: What does earnings per share mean?

Insider Buying and Selling by Quarter for HP (NYSE:HPQ)

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply