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Evercore ISI Sticks to Their Buy Rating for HP (HPQ)

Evercore ISI analyst Amit Daryanani maintained a Buy rating on HP (HPQResearch Report) yesterday and set a price target of $43.00. The company’s shares closed last Tuesday at $37.92.

According to TipRanks.com, Daryanani is a 4-star analyst with an average return of 7.3% and a 48.9% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Rackspace Technology.

Currently, the analyst consensus on HP is a Hold with an average price target of $36.36.

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Based on HP’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $17.03 billion and net profit of $1.09 billion. In comparison, last year the company earned revenue of $15.65 billion and had a net profit of $1.07 billion.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

HP Inc. was formed following the split of Hewlett-Packard Company in 2015 and is among the world’s top five personal computer manufacturers. The company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small and medium businesses, and large enterprises.

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