Monthly Stock Report: HP Inc. (HPQ)
Publication Date: September 22, 2024
Company Overview
HP Inc. (HPQ), headquartered in Palo Alto, California, is a leading company in the computer hardware sector, offering a broad array of personal computing devices and printing solutions. Established in 1939 as Hewlett-Packard Company and rebranded in 2015, HP operates through three primary segments: Personal Systems, which encompasses desktops and notebooks; Printing, which provides hardware for both consumer and commercial markets; and Corporate Investments, focusing on business incubation initiatives. Serving a diverse clientele—ranging from individual consumers to large enterprises—HP has reported impressive financials, with total revenue reaching approximately $53.32 billion.
Investment Outlook
The stock presents a bullish outlook in the computer hardware industry, with analysts recommending a “buy” based on a target high price of $41.00. Currently, HPQ’s stock price is $34.76, suggesting significant upside potential. The target mean price stands at $35.22, indicating reasonable expectations for short-term gains. Notably, the total shares outstanding amount to 963,408,000, with only 3.62% of these shares held short, reflecting moderate investor confidence in HP’s performance. With the stock trading just below its 50-day moving average of $35.16, it highlights possible bearish trends in the near term, but investors may find recovery opportunities given the stock’s historical range—experiencing a 52-week high of $39.52 and a low of $25.22.
Financial Performance and Risks
Despite robust revenue figures, the absence of reported EBITDA limits insight into HP’s operational efficiency and profitability. Analysts suggest a range of future stock prices—from a low of $30.00 to the previously mentioned target high of $41.00—indicating the market’s varying expectations. With 14 analysts contributing to its overview and a recommendation mean score of 2.5, the consensus remains optimistic about HP’s trajectory. As the stock stabilizes, potential investors should weigh the company’s revenue strength against the lack of comprehensive operational metrics, ensuring informed investment decisions in an ever-evolving technology landscape.
| Metric | Value |
|---|---|
| Market Cap | $33.5b |
| Total Debt | $10.8b |
| Total Cash | $2.9b |
| Shares Outstanding | 963.4m |
| Float Shares | 960.8m |
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