Barclays (LON:BARC) analyst Tim Long maintained a Hold rating on HP Inc (NYSE:HPQ) on Wednesday, setting a price target of $16, which is approximately 6.21% below the present share price of $17.06.
Long expects HP Inc to post earnings per share (EPS) of $0.47 for the second quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Hold rating of shares in HP, with an average price target of $17.78.
The analysts price targets range from a high of $25 to a low of $11.
In its latest earnings report, released on 01/31/2020, the company reported a quarterly revenue of $14.62 billion and a net profit of $1.16 billion. The company's market cap is $24.48 billion.
According to TipRanks.com, Barclays analyst Tim Long is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 63.81% success rate.
HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services for the commercial and consumer markets. The Printing segment gives consumer and commercial printer hardware, supplies, solutions and services,and scanning devices. The Corporate Investments segment includes HP Labs and certain business incubation projects. The company was founded by William R. Hewlett and David Packard in 1939 and is headquartered in Palo Alto, CA.