HP (NYSE:HPQ) Receiving Very Negative News Coverage, Report Shows

News coverage about HP (NYSE:HPQ) has trended very negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. HP earned a daily sentiment score of -3.17 on their scale. InfoTrie also assigned news stories about the computer maker an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have effected HP’s ranking:

HPQ stock traded up $0.05 during mid-day trading on Friday, reaching $20.79. 10,777,275 shares of the stock traded hands, compared to its average volume of 9,170,966. HP has a 52 week low of $18.06 and a 52 week high of $27.08. The stock has a 50-day simple moving average of $19.66. The company has a market cap of $31.24 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 3.12 and a beta of 1.35.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, May 23rd. The computer maker reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The company had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $13.97 billion. HP had a net margin of 6.67% and a negative return on equity of 232.81%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. Analysts forecast that HP will post 2.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Tuesday, September 10th. HP’s dividend payout ratio is currently 31.68%.

HPQ has been the subject of a number of recent research reports. ValuEngine upgraded shares of HP from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Zacks Investment Research upgraded shares of HP from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Credit Suisse Group initiated coverage on shares of HP in a report on Thursday, April 11th. They issued a “neutral” rating and a $21.00 price objective for the company. Wolfe Research cut shares of HP from an “outperform” rating to a “peer perform” rating and decreased their price objective for the stock from $25.00 to $21.00 in a report on Tuesday, May 14th. Finally, Morgan Stanley upped their price objective on shares of HP from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.43.

In other news, insider Claire Bramley sold 16,852 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.81, for a total transaction of $350,690.12. Following the completion of the transaction, the insider now owns 16,852 shares of the company’s stock, valued at $350,690.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dion J. Weisler sold 132,964 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $20.95, for a total transaction of $2,785,595.80. The disclosure for this sale can be found here. Insiders have sold 213,635 shares of company stock valued at $4,423,266 in the last ninety days. 0.25% of the stock is owned by company insiders.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, 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.

Recommended Story: Closed-End Mutual Funds

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.