Shareholder returns and stock trends
As of February 22, 2017, US-based (SPY) HP Inc. (HPQ) has generated investor returns of 56.6% in the trailing-12-month period and 10.4% in the trailing-one-month period. The company generated returns of 46% in fiscal 2014, -33% in fiscal 2015, and 30.1% in 2016.
HP’s share price has risen 1.4% in the trailing five-day period, and it has risen 9.2% since the start of 2017. By comparison, Apple (AAPL), IBM (IBM), and Western Digital (WDC)—HP’s peers in the technology, hardware, and storage subsector—have generated returns of 11.8%, 25.2%, and 17.5%, respectively, in 2017.
On February 23, 2016, HP (HPQ) closed the trading day at $16.2. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 6.8% above its 100-day moving average of $15.49
- 6.4% below its 50-day moving average of $15.23
- 4.6% below its 20-day moving average of $15.17
MACD and RSI
MACD (moving average convergence divergence) refers to the difference between a stock’s short-term and long-term moving averages. HP’s 14-day MACD is 0.20. This positive figure indicates an upward trading trend.
A company’s 14-day RSI (relative strength index) is 86, which shows that its stock is overbought. Generally, an RSI above 70 indicates that a stock has been overbought, while an RSI below 30 suggests that a stock has been oversold.
Of the 24 analysts covering HP (HPQ) stock, eight have given it “buy” recommendations, while one has recommended “sell,” and 15 have given it “hold” recommendations.
The analysts’ stock price target for the company is $16.21, with a median target estimate of $16. This means that HP is trading at a premium of 1.2% to its median estimate.