Hewlett Packard Co’s (NYSE:HPQ) Sentiment is 0.43

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Sentiment for Hewlett Packard Co (NYSE:HPQ)

Hewlett Packard Co (NYSE:HPQ) institutional sentiment decreased to 0.43 in Q2 2019. Its down -0.17, from 0.6 in 2019Q1. The ratio dropped, as 3 hedge funds opened new or increased stock positions, while 7 sold and reduced their holdings in Hewlett Packard Co. The hedge funds in our partner’s database now possess: 565,843 shares, down from 1.21 million shares in 2019Q1. Also, the number of hedge funds holding Hewlett Packard Co in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 5 Increased: 1 New Position: 2.

HP Inc. provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including clients in the government, health, and education sectors worldwide. The company has market cap of $28.28 billion. It operates through Personal Systems and Printing divisions. It has a 7.04 P/E ratio. 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, software, support, and services for the commercial and consumer markets.

The stock increased 1.76% or $0.33 during the last trading session, reaching $19.08. About 11.78 million shares traded or 27.89% up from the average. HP Inc. (NYSE:HPQ) has declined 8.92% since September 13, 2018 and is downtrending. It has underperformed by 8.92% the S&P500.

Analysts await HP Inc. (NYSE:HPQ) to report earnings on December, 5. They expect $0.58 earnings per share, up 7.41 % or $0.04 from last year’s $0.54 per share. HPQ’s profit will be $859.51M for 8.22 P/E if the $0.58 EPS becomes a reality. After $0.58 actual earnings per share reported by HP Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Mitchell Mcleod Pugh & Williams Inc holds 0.15% of its portfolio in HP Inc. for 10,340 shares. Gulf International Bank (Uk) Ltd owns 361,364 shares or 0.13% of their US portfolio. Moreover, Balasa Dinverno & Foltz Llc has 0.1% invested in the company for 40,170 shares. The Ohio-based Opus Capital Group Llc has invested 0.1% in the stock. Grassi Investment Management, a California-based fund reported 25,600 shares.

HP Inc. (NYSE:HPQ) Ratings Coverage

Ratings analysis reveals 11% of HP’s analysts are positive. Out of 9 Wall Street analysts rating HP, 1 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $1900 while the high is $2600. The stock’s average target of $21 is 10.06% above today’s ($19.08) share price. HPQ was included in 16 notes of analysts from March 19, 2019. On Friday, May 24 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The company was maintained on Friday, August 23 by UBS. The stock of HP Inc. (NYSE:HPQ) earned “In-Line” rating by Evercore on Friday, August 23. The stock of HP Inc. (NYSE:HPQ) earned “Equal-Weight” rating by Morgan Stanley on Friday, August 23. The stock of HP Inc. (NYSE:HPQ) earned “Neutral” rating by JP Morgan on Tuesday, June 25. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 23 report. The firm has “Market Perform” rating given on Friday, August 23 by Wells Fargo. On Friday, August 23 the stock rating was maintained by Citigroup with “Neutral”. Citigroup downgraded HP Inc. (NYSE:HPQ) on Tuesday, August 20 to “Neutral” rating.

More notable recent HP Inc. (NYSE:HPQ) news were published by: Fool.com which released: “Why HP Stock Lost 13% in August – Motley Fool” on September 05, 2019, also Seekingalpha.com with their article: “Avoid HP Inc. For Now – Seeking Alpha” published on September 03, 2019, Seekingalpha.com published: “HP Q3 2019 Earnings Preview – Seeking Alpha” on August 21, 2019. More interesting news about HP Inc. (NYSE:HPQ) were released by: Forbes.com and their article: “Growth Slowing For HP? – Forbes” published on September 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “HP News: HPQ Stock Drops on CEO Departure – Yahoo Finance” with publication date: August 23, 2019.

HP Inc. (NYSE:HPQ) Ratings Chart

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