With 2.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.62 million shares. The 52-week range on HP shows that it touched its highest point at $43.70 and its lowest point at $24.51 during that stretch. It currently has a 1-year price target of $35.77. With its current market cap of 2.52 billion, HP has annualized dividend of $1.00 while the current yield stands at 3.95%. Beta for the stock currently stands at 1.01.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HP was down-trending over the past week, with a drop of -5.83%, but this was down by -19.78% over a month. Three-month performance dropped to -27.31% while six-month performance fell -23.65%. The stock lost -33.37% in the past year, while it has lost -20.86% so far this year. A look at the trailing 12-month EPS for HP yields 3.02 with Next year EPS estimates of 3.37. For the next quarter, that number is 0.69. This implies an EPS growth rate of -20.09% for this year and 20.32% for next year.
Float and Shares Shorts:
At present, 99.19 million HP shares are outstanding with a float of 95.53 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HP since 15 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.64448 being high and $3.46475 being low. For HP, this leads to a yearly average estimate of $3.52466.
Summary of Insider Activity:
Insiders traded HP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
