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.
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.