HP Inc. (HPQ)

HP Inc. is trading in the middle of its 52-week range, with signals pointing in different directions: the stock sits 16.33% above its 200-day average but 8.13% below its 50-day average, and analysts remain split. The stock trades at a steep discount to the sector on earnings and sales, yet revenue growth is lagging the sector, which is why investors are weighing cheap valuation against a slower top line. On September 11, 2026, RBC Capital started coverage of the stock at Sector Perform, a neutral stance that adds to the middle-of-the-road view among brokers.

The largest post-report drop came after the November 26, 2024 report, when the shares fell 11.36%. The pattern shows that a beat alone has not reliably lifted the price.

The trailing P/E of 11.05 sits 68.5% below the sector median of 35.1, and the price-to-sales ratio of 0.44 is 94.2% below the sector median of 7.6. GAAP earnings per share over the last 12 months were $2.62. The discount is wide, but the net profit margin of 4.14% and the operating margin of 5.40% are thin cushions. A low multiple on thin margins explains why the stock can look inexpensive while its growth profile remains the main question.

Revenue grew 12.53% in the latest quarter compared with the same quarter a year earlier, which trails the sector median of 24.2% by 11.7 percentage points. Analyst coverage is cautious: 2 of 18 ratings are buy or strong buy, 10 are hold, and 6 are sell or strong sell. Three months ago, 2 of 17 ratings were buy.

Insiders sold $7.9M of stock over the last 18 months in 12 sales and made no open-market purchases. Such sales are often planned in advance or made to cover tax on vesting shares, so they carry less weight than purchases would.

The base case is that HP Inc. keeps trading between its 200-day average and its 50-day average while the market decides whether earnings strength can offset slower sales growth. Revenue grew 12.53% in the latest quarter, below the sector median of 24.2%, so the stock needs a faster top line to close the gap with peers. Analysts' average EPS estimate for the current fiscal year is $3.24, and expected EPS growth is 3.9%, while the estimate for fiscal 2027 is $3.15, a 2.7% decline. Two analysts rate the stock buy and six rate it sell, so the balance of professional opinion is cautious.

Support sits first at the 200-day simple moving average of $24.89, which the price has held above and which is the nearest level below the price. Below that is the 52-week low of $17.56, the floor of the past year's range and the level a sustained break would test. Resistance comes first at the 20-day exponential moving average of $30.09, a short-term trend line the price has not yet recovered. Next is the 50-day simple moving average at $31.52, the medium-term line that would need to be reclaimed to change the mixed trend. The 52-week high of $36.23 sits furthest above and marks the top of the range.