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Analysts’ Views on HP in April 2018

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Dec. 4 2020, Updated 10:52 a.m. ET

Stock returns

HP (HPQ) has returned 22% in the last 12 months, -9% in the last month, and -0.7% in the last five days. HP stock rose 30% in 2016 and returned ~46% in 2017. Since the start of 2018, it has risen just 2.5% despite the technology sell-off in early February and the last two weeks. In comparison, tech peers Western Digital (WDC), IBM (IBM), Hewlett Packard Enterprise (HPE), and NetApp (NTAP) generated stock returns of 20%, -4%, 9%, and 60%, respectively, in 2017.

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Analysts’ recommendations and price targets

Of the 19 analysts tracking HP stock, ten have recommended “buy” and 19 have recommended “hold.” There have been no “sell” recommendations. Analysts’ 12-month average price target for HP is $25.76, with a median estimate of $27. HP is trading at a discount of 25% to analysts’ median estimate, despite the stock’s stellar run in the last 25 months.

Moving averages

On April 5, 2018, HP closed the trading day at $21.55. Based on that price, the stock is trading as follows:

  • 2.4% below its 100-day moving average of $22.09
  • 4.2% below its 50-day moving average of $22.50
  • 5% below its 20-day moving average of $22.69

HP is now trading 26% above its 52-week low of $17.10 and 13% below its 52-week high of $24.75.

Relative strength index

HP’s 14-day MACD (moving average convergence divergence) is -0.20. A stock’s MACD marks the difference between its short-term and long-term moving averages. HP’s negative MACD indicates a downward trading pattern.

HP has a 14-day RSI (relative strength index) score of 27, which shows that the stock is trading in oversold territory. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 suggests that a stock has been oversold.

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