Price Don’t Lie: A Reversal for HP Inc Is Not Near. The Stock Declines Again

Price Don't Lie: A Reversal for HP Inc Is Not Near. The Stock Declines Again

The stock of HP Inc (NYSE:HPQ) is a huge mover today! The stock decreased 6.74% or $1.07 on November 23, hitting $14.87. HP Inc (NYSE:HPQ) has risen 17.92% since April 22, 2016 and is uptrending. It has outperformed by 12.51% the S&P500.
The move comes after 5 months negative chart setup for the $23.72B company. It was reported on Nov, 24 by Barchart.com. We have $14.13 PT which if reached, will make NYSE:HPQ worth $1.19 billion less.

HP Inc (NYSE:HPQ) Ratings Coverage

Out of 25 analysts covering Hewlett-Packard (NYSE:HPQ), 7 rate it a “Buy”, 0 “Sell”, while 18 “Hold”. This means 28% are positive. Hewlett-Packard has been the topic of 74 analyst reports since August 17, 2015 according to StockzIntelligence Inc. UBS maintained it with “Neutral” rating and $14 target price in Thursday, August 25 report. The firm earned “Buy” rating on Monday, August 29 by Argus Research. The firm has “Outperform” rating by Wells Fargo given on Tuesday, November 3. The stock of HP Inc (NYSE:HPQ) earned “Neutral” rating by Mizuho on Tuesday, November 3. The stock of HP Inc (NYSE:HPQ) earned “Hold” rating by Raymond James on Tuesday, August 25. The firm has “Hold” rating given on Wednesday, November 23 by Jefferies. The firm has “Hold” rating given on Friday, August 28 by BMO Capital Markets. The company was initiated on Friday, December 11 by BMO Capital Markets. The stock of HP Inc (NYSE:HPQ) earned “Buy” rating by Citigroup on Thursday, September 17. UBS initiated HP Inc (NYSE:HPQ) on Wednesday, November 4 with “Neutral” rating.

According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.18, from 0.57 in 2016Q1. The ratio increased, as 9 funds sold all HP Inc shares owned while 12 reduced positions. 4 funds bought stakes while 8 increased positions. They now own 4.91 million shares or 18.11% less from 6.00 million shares in 2016Q1.
The New York-based Tirschwell & Loewy has invested 0.05% in HP Inc (NYSE:HPQ). Wendell David Associate Inc, a New Hampshire-based fund reported 27,700 shares. Grassi has 0.07% invested in the company for 28,898 shares. Eqis Capital Management accumulated 27,286 shares or 0.04% of the stock. Ferguson Wellman Capital Mngmt accumulated 11,523 shares or 0.01% of the stock. West Oak Capital Ltd Liability Com accumulated 2,050 shares or 0% of the stock. Horrell Cap Mgmt has invested 0.3% of its portfolio in HP Inc (NYSE:HPQ). The Illinois-based Prudential Public Ltd has invested 0% in HP Inc (NYSE:HPQ). Eagle Asset Management Inc, a Florida-based fund reported 133,720 shares. Huntington Fincl Bank accumulated 0.09% or 118,224 shares. Schwartz Investment Counsel accumulated 102,000 shares or 0.13% of the stock. Palo owns 32,400 shares or 0.14% of their US portfolio. Wedgewood Investors Pa reported 15,310 shares or 0.18% of all its holdings. Moreover, Nelson Roberts Investment Advisors Ltd Limited Liability Company has 0% invested in HP Inc (NYSE:HPQ) for 280 shares. Gemmer Asset Ltd, a California-based fund reported 1,704 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 4 sales for $4.50 million net activity. $1.45 million worth of shares were sold by KEOGH TRACY S on Monday, August 15. Another trade for 10,269 shares valued at $149,414 was made by MYERS MARIE on Monday, August 29.

More notable recent HP Inc (NYSE:HPQ) news were published by: Cnbc.com which released: “HP Inc drops nearly 7 percent after profit forecast disappoints” on November 23, 2016, also Marketwatch.com with their article: “Hewlett Packard Enterprise, HP Inc. both drop after earnings” published on November 22, 2016, Bloomberg.com published: “HP Inc. Dips on Forecast That Profit May Fall Before Cost Cuts” on November 22, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Zacks.com and their article: “HP Inc. (HPQ) Q4 Earnings Match Estimates, Revenues Beat” published on November 23, 2016 as well as Fool.com‘s news article titled: “3 Reasons HP Inc Stock Is Up 35% In 2016” with publication date: November 16, 2016.

HPQ Company Profile

HP Inc., incorporated on February 11, 1998, is a well-known provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. The Firm sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.

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