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HP’s Recommendations: What the Analysts Say

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Nov. 20 2020, Updated 3:02 p.m. ET

Shareholder returns and stock trends

US-based (SPY) HP Inc. (HPQ) has generated investor returns of 70.5% in the trailing-12-month period and 8.7% in the trailing-one-month period. The company generated returns of 46% in 2014, -33% in 2015, and 30% in 2016.

HP’s share price has risen 4.1% in the trailing five-day period, and it has risen by 8.2% 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.

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Moving averages

On February 14, 2017, HP Inc. (HPQ) closed the trading day at $16.06. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 6.1% above its 100-day moving average of $15.13
  • 5.7% above its 50-day moving average of $15.20
  • 5.7% above its 20-day moving average of $15.19

MACD and RSI

A company’s MACD (moving average convergence divergence) refers to the difference between its stock’s short-term and long-term moving averages. HP’s 14-day MACD is 0.11. This positive figure indicates an upward trading trend.

Generally, an RSI (relative strength index) above 70 indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold. HP’s 14-day RSI is 74, which shows that its stock is overbought.

Analyst recommendations

Of the 24 analysts covering HP Inc. (HPQ) stock, nine have given it “buy” recommendations, and 14 have given it “hold” recommendations. There was only one “sell” recommendation.

The analysts’ stock price target for the company is $16.14, with a median target estimate of $16. This means that HP Inc. is trading at a premium of 0.4% to its median estimate.

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