A Look at HP’s Returns and Analysts’ Recommendations

HP stock has risen 18.6% in 2018

HP (HPQ) stock has returned 18.6% in the last 12 months, 7.1% in the last month, and 2% in the last five trading days. HP stock rose 30% in 2016 and over 46% in 2017. Since the start of 2018, it’s risen over 18.6%.

In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 8% and 16.5%, respectively, in 2018.

A Look at HP’s Returns and Analysts’ Recommendations

Analysts’ recommendations

Of the 19 analysts tracking HP, 13 have recommended “buys,” six have recommended “holds,” and none have recommended “sells” on the stock. Analysts’ 12-month average price target for HP is $26.2, and the median estimate is $27. HP is trading at a discount of 10% to analysts’ median estimate.

Moving averages

On August 23, HP closed the trading day at $24.63. Based on that price, the stock was trading as follows:

  • 8% above its 100-day moving average of $22.81
  • 4.8% above its 50-day moving average of $23.51
  • 3.1% above its 20-day moving average of $23.89

MACD and RSI

HP’s 14-day MACD (moving average convergence divergence) is 0.34. A stock’s MACD is 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 67, which shows that the stock is trading very close to overbought territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.