What is the outlook for HP stock? (2024)

What is the outlook for HP stock?

HPQ Stock Forecast FAQ

Is HP a good stock to buy?

HP has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.

Will HP stock go back up?

For one thing, he says HP is on track to boost profit to more than $4 a share over the next 12 to 24 months. Current consensus estimates call for a profit of $3.44 a share in fiscal year 2024 and $3.69 a share in 2025.

Is HP stock undervalued?

Value investors will likely look at more than just these metrics, but the above data helps show that HP and Lenovo Group are likely undervalued currently. And when considering the strength of its earnings outlook, HPQ and LNVGY sticks out as one of the market's strongest value stocks.

What is the HP stock forecast for 2025?

HP Stock Prediction 2025

The HP stock prediction for 2025 is currently $ 31.66, assuming that HP shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 11.77% increase in the HPQ stock price.

Is HP a buy sell or hold?

HP's analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.

Is HP a good long term investment?

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 8.47; value investors should take notice. Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $3.45 per share.

Who owns the most HP stock?

HP is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 12% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 9.8% and 5.2%, of the shares outstanding, respectively.

Why is HP declining?

HP sales were hampered by a drop in demand, but the company anticipates AI computers could become a key source of growth. Revenue from HP's PC and printer divisions declined in the quarter, and overall revenue dropped 6.5% from a year ago.

Who is HP merging with?

HP announced it would acquire Poly in March this year. The deal was expected to complete by the end of 2022, subject to crossing various hurdles like receiving Poly's shareholder approval, which it achieved in June.

How many times has HP stock split?

HP stock (symbol: HPQ) underwent a total of 8 stock splits.

Why does HP Inc have negative equity?

One aspect that does make HP unattractive is the negative equity aspect of its balance sheet. Total Liabilities of (41,505M) outweigh Total Assets (38,587M) by 2,918M (7.5%), while retained earnings is -4,413M.

What is the dividend growth rate of HP stock?

Dividend History and Growth

( HPQ ) dividend payments per share are an average of 5.00% over the past 12 months, 14.47% over the past 36 months, 13.40% over the past 60 months, and 6.68% over the past 120 months.

Who owns HP stock?

Top 10 Owners of HP Inc
StockholderStakeShares owned
The Vanguard Group, Inc.11.47%113,647,442
BlackRock Fund Advisors5.68%56,301,642
Berkshire Hathaway, Inc. (Investm...5.20%51,503,537
SSgA Funds Management, Inc.4.45%44,086,413
6 more rows

Which stock is best for 2025?

10 Multibagger Penny Stocks for 2025
Name of the ShareBook Value (₹)YTD (%)
Exide Industries148.6963.97
Bajaj Hindusthan Sugar Ltd33.8062.79
South Indian Bank33.8743.88
Urja Global Ltd2.6353.27
6 more rows
Dec 20, 2023

What is the stock price forecast for HPQ in 2024?

On average, Wall Street analysts predict that Hp's share price could reach $33.29 by Dec 12, 2024. The average Hp stock price prediction forecasts a potential upside of 16.06% from the current HPQ share price of $28.68.

When did HP stock split?

The split took effect on Nov 2, 2015, which led to the creation of two companies namely HP, which focuses on the consumer-facing computer and printer business and HPE, which focuses on the enterprise-facing hardware and cloud business.

Should I sell stock now or wait?

If you don't sell too early, you'll sell too late. To lock in solid gains, sell while your stock is still going up. As IBD founder William J. O'Neil has said, "Your objective is to make and take significant gains and not get excited, optimistic, greedy, or emotionally carried away as your stock's advance gets stronger.

Is Amazon a buy hold or sell?

Is Amazon stock a Buy, Sell or Hold? Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.

What are the safest stocks to buy long-term?

Key Takeaways
StockSectorTrailing-12-month dividend yield
Kimberly-Clark Corp. (KMB)Consumer staples3.9%
3M Co. (MMM)Industrials6.3%
Allstate Corp. (ALL)Financials2.2%
Federal Realty Investment Trust (FRT)Real estate4.2%
3 more rows

Which stock is best to buy for long-term?

10 Best Long-Term Stocks to Buy in 2024
Company StockMarket Cap (crore)Profit Growth (CAGR)
HDFC Bank₹11,69,00019.9%
Hindustan Unilever₹6,04,40812.4%
Reliance Industries₹18,40,00010.2%
6 more rows
Jan 25, 2024

Is HPQ a good dividend stock?

HP's current payout ratio is 32%, meaning it paid out 32% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HPQ for this fiscal year. The Zacks Consensus Estimate for 2024 is $3.45 per share, which represents a year-over-year growth rate of 5.18%.

Which HP stock does Warren Buffett own?

Warren Buffett (Trades, Portfolio), the esteemed investor known as the "Oracle of Omaha," has recently adjusted his holdings in HP Inc (NYSE:HPQ). On November 30, 2023, Buffett's firm reduced its stake in the technology company by a significant 47.37%, selling 46,351,068 shares.

Does Warren Buffett own Hewlett Packard?

Berkshire Hathaway's HP Stake

Warren Buffett's position in HP is currently worth $2.94 Billion. That's 0.83% of their equity portfolio (11th largest holding). The investor owns 9.97% of the outstanding HP stock. The first HP trade was made in Q1 2022.

Did Berkshire Hathaway sell more of its HP stock?

Berkshire Hathaway sold another 46 million HP shares in October and November, filings show. Warren Buffett's company has more than halved its stake, cutting its ownership to about 5%. Berkshire has likely collected under $2 billion in sale proceeds, making HP a losing bet so far.


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