So is it time to buy HP? Zacks Style Scores Education - Learn more about the Zacks Style Scores.

Still, the company did return some value to shareholders in terms of $797M in share repurchases and $283M in dividends. This includes personalizing content and advertising. See Also: IBM Stock Crushes Rivals HP and Dell. On a Forward P/E basis, HPQ is trading at a valuation of 6.99x its forward earnings. ... and a bulleted list of reasons to buy or sell the stock. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). All Rights Reserved. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. While revenue from Enterprise Services recorded an 8% Y/Y decline, they did increase by 1% sequentially. A sales signal was issued from a pivot top point on Friday, August 28, 2020, and so far it has fallen -9.42%. Learn more about Zacks Equity Research reports, See all Computer - Mini computers Peers ». If it fails to leverage this opportunity, however, competitors like Cisco (CSCO) and IBM could dominate the Cloud space, making HPQ's turnaround even more difficult. We are all together in this COVID-19 pandemic. Wall Street analysts are rating HPQ a Buy today. NASDAQ data is at least 15 minutes delayed. No stop-loss set. There are few to no technical positive signals at the moment. With a turnaround in the U.S. economy, it is expected that corporate IT spending will increase over the next few quarters. Real time prices by BATS. on the last day the trading volume fell by -4 million shares and in total 9 million shares were bought and sold for approximately $158.62 million. Upgrade to remove this ad. HPQ earned $1.77 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.16. HPQ trades at a Price/Book multiple of 2.06x, which is a slight discount (5.50%) to DELL's 2.18x valuation at this same metric. Based on the analysis above, in our opinion, HPQ rates as a HOLD. The HP Inc stock holds several negative signals and despite the positive trend, we believe HP Inc will perform weakly in the next couple of days or weeks. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day! Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

This doesn't mean we expect a selloff for $HPQ in the next few days, or that it may not rise higher. This is why we are offering FREE 14 days TRIAL SUBSCRIPTIONS with no further commitments. Terms of Use and Privacy Policy. ZacksTrade and are separate companies. The scores are based on the trading styles of Value, Growth, and Momentum. As indicated by the 1-year stock chart below, HPQ was a clear laggard for most of the past twelve months, but has since recovered to outperform both DELL and IBM significantly. Stock Valuation Analysis, Amazon Stock Price is Down 3.8% Today – Blame Netflix and Weak Sales, HP announced its Q2 2013 earnings results, Buying Mutual Funds – 5 Ways to Get Started, Business Finance – Definition and Overview. HP (NYSE:HPQ) had its price target increased by equities research analysts at Morgan Stanley from $20.00 to $22.00 in a report issued on Tuesday, Benzinga reports. Published: October 27th, 2020 - 5.04pm EDT, Analysts' recommendations to buy or sell HP stock. Like other oscillation indicators, the RSI moves from 0 to 100. This is an indicator that was introduced in the 1980s by John Bollinger. As Hewlett-Packard (Stock: HPQ) focuses on a corporate restructuring and transformational program, the firm continues to face stiff competition from IT giants like IBM and Dell in every business segment where it operates. Morgan Stanley's price objective indicates a potential upside of 11.51% from the stock's current price. However, IBM's 11.22x P/B value is 82% higher than HPQ's. However, HPQ is currently valued at a significant discount (80%) to IBM which has a TTM P/S multiple of 2.08x. By using the site you agree and are held Revenue declined 10% on a year-over-year (Y/Y) basis, making it the 7th straight quarter of declining revenues since Q3 2011. The chart of the probability distribution of HP stock daily returns describes the distribution of returns around its average expected value. Our recommended stop-loss: The HP Inc stock fell by -1.48% on the last day (Tuesday, 27th Oct 2020) from $18.25 to $17.98. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Given the current short-term trend, the stock is expected to rise 7.38% during the next 3 months and, with a 90% probability hold a price between $19.31 and $22.30 at the end of this 3-month period. Wall Street is positive on HP Inc (HPQ). Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. If that hypothesis proves to be accurate, then it could prove to be a favorable catalyst for HPQ's future growth and profitability. For this case, the price is beneath the upper band, meaning a short-term bounce (at least) until it is back above the band, The RSI (Relative Strength Index) is an oscillator-type indicator that track price changes to identify when the share or financial asset is oversold or overbought. This quarterly report represents an earnings surprise of -5.77%.

The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s. Information Providers, or gathered by Zacks Investment Research, Inc. from HP.

Nevertheless, if the price breaks down the support, it is likely to continue falling until approaching another support level.

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