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Over 50% of Analysts Recommend ‘Buys’ on HP Inc.

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HP’s stock returns

HP Inc. (HPQ) stock has returned 15% in the last 12 months, -1.4% in the last month, and -3.6% in the last five days. HP stock rose 30% in 2016 and 46% in 2017. Since the start of 2018, it’s risen just over 1.5%.

Peers Apple, Stratasys (SSYS), Seagate (STX), and Western Digital (WDC) have returned 22%, -33%, 35%, and -4%, respectively, in the last 12 months.

Analysts’ recommendations and price targets

Of the 19 analysts tracking HP, ten have recommended “buys,” nine have recommended “holds,” and none have recommended “sells” on the stock. Analysts’ 12-month average price target for HP is $25.76, and their median estimate is $27.00. HP is trading at a discount of 27% to analysts’ median estimate.

Moving averages

On May 29, HP closed the trading day at $21.30. Based on that price, the stock is trading as follows:

  • 4.4% below its 100-day moving average of $22.27
  • 2.7% below its 50-day moving average of $21.88
  • 3.3% below its 20-day moving average of $22.03

HP is trading 25% above its 52-week low of $17.1 and just 14% below its 52-week high of $24.75.

MACD and RSI

HP’s 14-day MACD (moving average convergence divergence) is 0.05. A stock’s MACD marks the difference between its short-term and long-term moving averages. HP’s positive MACD score indicates an upward trading trend.

HP has a 14-day RSI (relative strength index) score of 38, which shows that the stock is trading very close to oversold territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 suggests that a stock has been oversold.

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