Comparison To Peers: HP Inc. (HPQ), Citigroup Inc. (C)

You should consider shares of HP Inc. (NYSE:HPQ) and Citigroup Inc. (NYSE:C) if you are looking for a great stocks to invest in. Starting with the HPQ shares, which traded at $19.63 at the close of the recent session, dropping -1.01%. On Tuesday, the company’s shares shed -$0.2 from its value which represented in intraday trading. The stock is now -14.65% lower in year-to-date (YTD) trading. HPQ’s intraday high was $19.68 while its lowest price touched $19.42. The stock’s 52-week high price is $24.17, which means the current price is at -18.78%. In terms of trading activity, the daily trading volume rose to 16141318 against 200-day average trading volume of 12,146,405 shares.

What are analyst forecasts for HP Inc. (NYSE:HPQ)?

At a consensus rating of 3.07, HPQ is trending as a streaking Hold, as it has been the case a month ago when 14 analysts called it a Hold. Two months ago, 13 analysts recommended, on average, that HPQ stock is a Hold. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $19.55 on the day.

Forecasts for HP Inc. (NYSE:HPQ) give the stock a fair value for the growth of 1.85% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $20.00, which means the price per share could rise by nearly $0.37. The price range target is between a low of $18.00 and a high of $24.00. The stock would need to gain by about $18.21 to hit the estimated high or 0.81% from its 12-month low.

The consensus among 16 analysts is that it is a good time for one to Hold in the HP Inc. 2 analysts rate HPQ as a Buy, with 0 of 16 analysts rate it as a Sell. 0 have valued the stock as Overweight and 13 have recommended that investors Hold.

HP Inc. (NYSE:HPQ) Upgrades and Downgrades

In terms of rating changes, Evercore ISI on November 11, 2019, Upgrade HP Inc. (HPQ) at Outperform. They believe the stock could reach $24 in the near term. Analysts at Goldman have assigned a Sell rating for the stock in their research note on October 10, 2019 with an estimated price target of $14. Moreover, Argus analysts issued a rating of Hold for the stock on October 07, 2019. On October 04, 2019, the stock earned a Equal-Weight rating due to an analyst call from Morgan Stanley, while analysts from BofA/Merrill on October 04, 2019 suggested that the stock is Underperform.

Citigroup Inc. (NYSE:C) adds -$1.19 on Tuesday

The C stock has risen 40.86% year-to-date and is currently trading at $73.33, which is -3.87% below its 52-week high. The company shares lost -1.60% on the day and have risen nearly 51.45% off a low hit. At current levels, Citigroup Inc. has a valuation of about $76.74B. As of 12/03/19, this stock has fallen -3.11% during the week and closed at $74.52 in the previous session. However, recent Citigroup Inc. stock performance shows that C shares are -0.69% down over the last month, and 14.08% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.55, with the trailing 12-month share earnings at $7.61. The ratio is expected to be up by 16.10% for the current year 2019 and 8.90% for next year. Over the next 5-year period, earnings per share will be 13.48%. But will the C stock surprise in the current quarter results, where the $2.07 actual EPS reported on 9/29/2019 surprised by 6.20% or was higher by $0.12 from the estimated $1.95.

Sales Growth to climb 1.50% for the year

How well will Citigroup Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $17.27B and $18.63B in current quarter sales. The consensus estimated for the current quarter is $18.02B from sales. Forecasts for this fiscal year are between $72.87B and $74.53B and the consensus estimate for sales is at $73.92B. C has its next quarter sales estimates at between $18.84B and $19.86B, with the quarter-over-quarter growth estimates at 2.90% and the annual growth forecast for the year at 1.50%.

Who owns shares in Citigroup Inc. (C)?

Let’s briefly focus on the share ownership of the Citigroup Inc. (NYSE:C) stock, where we find that 80.01% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 180.75 million shares or 8.28% of shares outstanding. Blackrock Inc. and State Street Corporation held 157.01 million and 100.07 million representing 7.19% and 4.58% respectively at the close of the last trading session. As of Sep 29, 2019, FMR, LLC accounted for 54.13 million shares at over 3.74 billion. This represented 2.48% of shares outstanding. Invesco Ltd. held 38.0 million shares at over 2.62 billion representing 1.74% of shares outstanding.

C Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Citigroup Inc. (C), a total of 7500 shares have been sold by insiders over the last 6 months while 97538 shares were added in the same time span. On 2/19/2019, CEO-Europe, Middle East & Africa by the name Cowles James C sold 50000.0 shares worth $3.2 million at the price of $64.26 per share. Filings also show that Corbat Michael Louis sold a total of 47400.0 shares on 1/20/2019 valued at $3.0 million. Since the last insider activity, the company’s share price has climbed 20.49%.