HP (HPQ) Receives a Hold from J.P. Morgan
In a report released today, Paul Coster from J.P. Morgan maintained a Hold rating on HP (HPQ), with a price target of $24.00. The company’s shares closed last Monday at $23.73, close to its 52-week high of $23.99.
According to TipRanks.com, Coster is a 1-star analyst with an average return of -1.6% and a 44.2% success rate. Coster covers the Consumer Goods sector, focusing on stocks such as TTM Technologies, Diebold Nixdorf, and Calamp Crop.
Currently, the analyst consensus on HP is a Hold with an average price target of $24.00, which is a 4.4% upside from current levels. In a report issued on February 10, Wells Fargo also maintained a Hold rating on the stock with a $22.00 price target.
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Based on HP’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $14.62 billion and net profit of $678 million. In comparison, last year the company earned revenue of $14.52 billion and had a net profit of $803 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.