BMO Capital Markets: “Time To Market Perform Hewlett-Packard (NYSE:HPQ)”


How BMO Capital Markets Currently Rates Hewlett-Packard (NYSE:HPQ)

In a recent report announced on Friday morning, BMO Capital Markets analyst just have started coverage of Hewlett-Packard (NYSE:HPQ) with Market Perform rating.

From a total of 22 analysts covering Hewlett-Packard (NYSE:HPQ) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is $19 while the lowest target price is $13. The mean of all analyst targets is $15.39 with a 85.97% above today’s ($12.19) stock price. Hewlett-Packard was the topic of 54 analyst reports since August 17, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on December 3 with “Buy” rating. Maxim Group upgraded shares to “Buy” rating and $17 target share price in a report from a November 23. Deutsche Bank maintained HPQ stock in a recent report from November 25 with “Buy” rating. Brean Capital initiated the rating on November 6. Brean Capital has a “Buy” rating and a $18 price target on shares. Finally, Needham downgraded the stock to “Hold” rating in a report issued on a November 25.

Approximately 9.96 million shares of stock traded hands. HP Inc (NYSE:HPQ) has declined 63.01% since May 8, 2015 and is downtrending. It has underperformed by 59.99% the S&P500.

The overall sentiment of institutions has decreased to 0.73 in Q2 2015. Its down 0.13, from 0.86 in 2015Q2. The ratio fall, as 166 institutions have sold all the shares of HP Inc that they owned while 296 funds have taken shares off the table. 68 funds have purchased shares for the first time while 269 added to their positions. These institutions now hold 1.37 billion shares or 0.25% more than the 1.37 billion shares they owned in 2015Q2.

The Fund Okumus Fund Management Ltd. currently is holding shares equating to 15.04% of its total portfolio in HP Inc representing a total of 4.49 million shares. Another fund,Oldfield Partners Llp, is holding a total of 7.34 million shares equating to 13.5% of their holdings. Additionally, Goodhaven Capital Management Llc has a 693,289 share stake in HP Inc which represents 6.88% of their total portfolio. The Fund, Dorsal Capital Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 5.3% of their total portfolio. Finally Sls Management Llc, a fund which is based in the state of New York reported a total holdings of 264,490 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of HP Inc have witnessed 0 insider buys, and a total of 11 insider sales equating to a net activity of approximately $16.44 million . Lesjak Catherine A sold 6,282 shares worth approximately $165,531. Weisler Dion J sold 40,000 shares worth approximately $1.01M. Fink Martin sold 23,069 shares worth approximately $567,696. Ricci Jeff T sold 7,243 shares worth approximately $186,073. The company insider Youngjohns Robert sold 21,143 shares worth $543,164.

HP INC, formerly Hewlett-Packard Company , is a global well-known provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors. The company has a market cap of $22.26 billion. The Firm offers IT industry’s broadest portfolios of services and products that bring infrastructure, software, and services through innovation to enable its clients to create value and solve business problems. It has 4.92 P/E ratio. The Firm creates its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units.

According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.” Get a free copy of the Zacks research report on HP Inc (HPQ).