HP (NYSE:HPQ) Price Target & New Coverage by Goldman Sachs

In analysts note revealed on Wednesday morning, Goldman Sachs analyst just has started coverage of HP (NYSE:HPQ) with “Neutral” rating. The target price per share is $25.0.

In spite of the new coverage NYSE:HPQ is right now trading -0.49% lower at $21.24 as of 4:09 AM New York time. HP shares have [From2] 0% in the last 200 days, while the S&P500 Index has increased 6.00% in the same time period.

Out of 20 brokers covering HP, 12 rate it a Buy, 15 indicate a Hold while 1 suggest a Sell. The highest target is $19 and the lowest is $10 according to Thomson/First Call. The 12-month mean target is $13.5, which means downside potential of 36.44% over the current price.

Institutional Ownership

HP (NYSE:HPQ) Profile

HP Inc. is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. Its segments include Personal Systems, Printing and Corporate Investments.

HP (NYSE:HPQ) traded down -0.49% on 7 February, hitting $21.24. A total of 9.66 million shares of the company’s stock traded hands. This is down from average of 11.35 million shares. HP has a 52 week low of $14.40 and a 52 week high of $22.68. The company has a market cap of $35.31 billion and a P/E ratio of 14.31.

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