HP Inc (HPQ) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by Mizuho on Oct 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Company shares were Reiterated by UBS on Oct 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .Company shares were Reiterated by RBC Capital Mkts on Oct 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .
On the company’s financial health, HP Inc reported $0.36 EPS for the quarter, based on the information available during the earnings call on Nov 22, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $12512.00 million for the quarter, compared to analysts expectations of $11879.98 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
HP Inc closed down -0.02 points or -0.13% at $15.87 with 1,08,78,170 shares getting traded on Monday. Post opening the session at $15.88, the shares hit an intraday low of $15.805 and an intraday high of $15.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Nov 9, 2016, HP Inc announced a cash dividend of $0.1327. The company’s management has announced Dec 12, 2016 as the ex-dividend date and fixed the record date on Dec 14, 2016. The payable date has been fixed on Jan 4, 2017.
In a different news, on Sep 23, 2016, Tracy S Keogh (Chief HR Officer) sold 100,000 shares at $15.00 per share price. According to the SEC, on Aug 31, 2016, Marie Myers (Global Controller, HFS & PAO) sold 10,269 shares at $14.55 per share price. On Mar 21, 2016, Catherine A Lesjak (CFO) sold 324,310 shares at $11.96 per share price, according to the Form-4 filing with the securities and exchange commission.
HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.