Argus Research Maintains HP Inc to Buy with Price Target $19.00

Brokerage firm Argus Research Maintains its rating on HP Inc(NYSE:HPQ). In a research note issued to the investors, the brokerage major Raises the price-target to $19.00 per share. The shares have been rated Buy. The rating by Argus Research was issued on Aug 29, 2016.

In a different note, On Aug 25, 2016, Citigroup said it Maintains its rating on HP Inc. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 25, 2016, Jefferies said it Maintains its rating on HP Inc. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 25, 2016, BMO Capital said it Maintains its rating on HP Inc. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Aug 25, 2016, Barclays said it Maintains its rating on HP Inc. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 25, 2016, Deutsche Bank said it Maintains its rating on HP Inc. The shares have been rated ‘Buy’ by the firm. On Aug 25, 2016, Maxim Group said it Downgrades its rating on HP Inc. The shares have been rated ‘Hold’ by the firm.

HP Inc (HPQ) made into the market gainers list on Thursdays trading session with the shares advancing 0.90% or 0.13 points. Due to strong positive momentum, the stock ended at $14.5, which is also near the day’s high of $14.5. The stock began the session at $14.39 and the volume stood at 1,08,54,014 shares. The 52-week high of the shares is $14.82 and the 52 week low is $8.91. The company has a current market capitalization of $24,804 M and it has 1,71,06,06,600 shares in outstanding.

HP Inc has also declared a cash dividend of $0.1240 on Jul 20, 2016. The shares will quote ex-dividend on Sep 12, 2016 and the record date has been fixed on Sep 14, 2016. The dividend payable date has been fixed on Oct 5, 2016.

HP Inc(HPQ) last announced its earnings results on Aug 24, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $11.89B. Analysts had an estimated revenue of $11.44B. Earnings per share were $0.48. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Tracy S Keogh (Chief HR Officer) sold 100,000 shares at $14.50 per share price.Also, On Mar 21, 2016, Catherine A Lesjak (CFO) sold 324,310 shares at $11.96 per share price.On Dec 4, 2015, Rajiv Gupta (director) purchased 80,000 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.

HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.

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