HP Inc (HPQ) Receives a Hold from J.P. Morgan


J.P. Morgan analyst Paul Coster maintained a Hold rating on HP Inc (HPQ) yesterday and set a price target of $26. The company’s shares closed yesterday at $23.

According to TipRanks.com, Coster has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.5% and a 41.6% success rate. Coster covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Jabil Circuit, and First Solar.

Currently, the analyst consensus on HP Inc is a Hold with an average price target of $26.60, which is a 15.7% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $22 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 $14.17 billion and had a net profit of $660 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.

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