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Has HP Inc (HPQ) Stock's Performance Changed Wall Street's View?

Wednesday, July 01, 2020 11:46 AM | InvestorsObserver Analysts

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Has HP Inc (HPQ) Stock's Performance Changed Wall Street's View?

InvestorsObserver is giving HP Inc (HPQ) an Analyst Rating Rank of 22, meaning HPQ is ranked higher by analysts than 22% of stocks. The average projection by analysts for HPQ is $20.083 over the next 12 months and analyst’s classify the stock as a Buy

Overall Score - 3.4
Wall Street analysts are rating HPQ a Buy today. Find out what this means to you and get the rest of the rankings on HPQ!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With HP Inc Stock Today?

HP Inc (HPQ) stock is lower by -2.67% while the S&P 500 has gained 0.24% as of 11:36 AM on Wednesday, Jul 1. HPQ has fallen -$0.47 from the previous closing price of $17.43 on volume of 2,911,788 shares. Over the past year the S&P 500 has gained 4.54% while HPQ has fallen -19.42%. HPQ earned $2.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.36.

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