Time to Reconsider HP Inc (HPQ) After Touching 52-Week High?

November 21, 2017 - By reb123z

Investors sentiment increased to 1.71 in Q2 2017. Its up 0.41, from 1.3 in 2017Q1. It improved, as 3 investors sold HP Inc shares while 4 reduced holdings. 3 funds opened positions while 9 raised stakes. 2.22 million shares or 13.88% more from 1.95 million shares in 2017Q1 were reported.
16,608 were accumulated by Wagner Bowman. Altfest L J & Company invested 0.18% in HP Inc (NYSE:HPQ). 4,196 were reported by West Oak Cap Ltd Liability Com. 3,136 were accumulated by Hanson & Doremus Invest Management. Grassi Inv Mgmt accumulated 0.1% or 31,150 shares. Mitchell Mcleod Pugh And Williams, a Alabama-based fund reported 10,845 shares. Nelson Roberts Lc holds 1,880 shares. Focused Wealth Management stated it has 18,600 shares or 0.12% of all its holdings. North Star Asset Mngmt Incorporated holds 28,619 shares. Private Ocean Ltd Llc invested in 0.02% or 1,916 shares. The Pennsylvania-based Vantage Inv Advisors Limited Company has invested 0% in HP Inc (NYSE:HPQ). Prentiss Smith Incorporated stated it has 0% of its portfolio in HP Inc (NYSE:HPQ). Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 1.08 million shares. Alphamark Advsr Ltd Co owns 513 shares. 19,138 are owned by Capital Investment Advsrs Ltd Llc.

Since May 26, 2017, it had 0 insider buys, and 1 insider sale for $638,985 activity.

The stock of HP Inc (NYSE:HPQ) hit a new 52-week high and has $24.66 target or 9.00 % above today’s $22.62 share price. The 9 months bullish chart indicates low risk for the $37.78B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.66 price target is reached, the company will be worth $3.40B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 4.30 million shares traded. HP Inc (NYSE:HPQ) has risen 66.08% since November 21, 2016 and is uptrending. It has outperformed by 49.38% the S&P500.

HP Inc (NYSE:HPQ) Ratings Coverage

Among 31 analysts covering Hewlett-Packard (NYSE:HPQ), 16 have Buy rating, 0 Sell and 15 Hold. Therefore 52% are positive. Hewlett-Packard has $45 highest and $6 lowest target. $23.18’s average target is 2.48% above currents $22.62 stock price. Hewlett-Packard had 122 analyst reports since August 17, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Monday, August 24 report. The stock of HP Inc (NYSE:HPQ) has “Neutral” rating given on Thursday, August 25 by Citigroup. The firm has “Neutral” rating by UBS given on Thursday, August 25. The firm earned “Sector Perform” rating on Monday, November 2 by RBC Capital Markets. The rating was downgraded by Bank of America on Wednesday, September 6 to “Sell”. The stock has “Buy” rating by UBS on Thursday, August 24. The stock of HP Inc (NYSE:HPQ) earned “Neutral” rating by UBS on Friday, October 14. The firm has “Hold” rating given on Thursday, August 24 by Maxim Group. The firm has “Buy” rating given on Tuesday, October 17 by RBC Capital Markets. On Monday, July 10 the stock rating was upgraded by Mizuho to “Buy”.

More notable recent HP Inc (NYSE:HPQ) news were published by: Fool.com which released: “7 Simple Reasons I Bought HP Inc. Stock” on October 30, 2017, also Forbes.com with their article: “HP Inc. Looks Likely To Report Another Quarter Of Revenue Growth” published on November 20, 2017, Globenewswire.com published: “HP Inc. to Announce Fourth Quarter Fiscal Year 2017 Earnings on November 21, 2017” on November 07, 2017. More interesting news about HP Inc (NYSE:HPQ) were released by: Globenewswire.com and their article: “HP Inc. Board Declares Dividend” published on November 14, 2017 as well as Wsj.com‘s news article titled: “HP Inc. Earnings: What to Watch” with publication date: November 21, 2017.

HP Inc. is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including clients in the government, health and education sectors. The company has market cap of $37.78 billion. The Firm provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. It has a 16.28 P/E ratio. The Company’s divisions include Personal Systems, Printing and Corporate Investments.

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