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BMO Capital Keeps Their Hold Rating on HP Inc (HPQ)


BMO Capital analyst Tim Long maintained a Hold rating on HP Inc (NYSE: HPQ) today and set a price target of $22. The company’s shares opened today at $26.89, close to its 52-week high of $27.08.

According to TipRanks.com, Long is a 5-star analyst with an average return of 21.4% and a 69.8% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HP Inc with a $27.71 average price target, representing a 3.0% upside. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $28 price target.

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Based on HP Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $14.61 billion and net profit of $880 million. In comparison, last year the company earned revenue of $13.09 billion and had a net profit of $696 million.

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HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments.