HP (HPQ) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Samik Chatterjee maintained a Hold rating on HP (HPQResearch Report) on March 31 and set a price target of $41.00. The company’s shares closed last Friday at $35.60.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 17.4% and a 58.6% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Juniper Networks.

Currently, the analyst consensus on HP is a Hold with an average price target of $36.36, a 0.6% upside from current levels. In a report issued on March 29, Deutsche Bank also maintained a Hold rating on the stock.

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HP’s market cap is currently $37.5B and has a P/E ratio of 6.34.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock.

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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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