In a report released today, Jim Suva from Citigroup maintained a Hold rating on HP Inc (HPQ), with a price target of $20. The company’s shares closed last Monday at $18.93, close to its 52-week low of $18.06.
According to TipRanks.com, Suva is a 4-star analyst with an average return of 6.6% and a 58.6% success rate. Suva covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for HP Inc with a $20.80 average price target, implying a 9.4% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock.
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Based on HP Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $14.04 billion and net profit of $782 million. In comparison, last year the company earned revenue of $14.61 billion and had a net profit of $880 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HPQ in relation to earlier this year.
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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.
