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How to buy HP stock in Canada | $27.68
Own HP shares in just a few minutes.
HP is a computer hardware business based in the US. HP stocks (HPQ.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $28.04 – a decrease of 1.14% over the previous week. HP employs 53,000 staff and has a trailing 12-month revenue of around $62.1 billion.
How to buy HP stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: HPQ in this case.
- Research HP stocks. The platform should provide the latest information available.
- Buy your HP stocks. It's that simple.
Is it a good time to buy HP stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in HP?
- Has coronavirus impacted HP shares?
- HP shares summary
- Compare share dealing platforms
- Is HP stock a buy or sell?
- HP performance over time
- Can I short HP shares?
- Is HP suitable for ethical investing?
- Are HP shares over-valued?
- HP's financials
- How volatile are HP shares?
- Does HP pay a dividend?
- Have HP shares ever split?
- Other common questions
How has Coronavirus impacted HP's stock price?
Since the stock market crash in March caused by coronavirus, HP's stock price has had significant positive movement.
Its last market close was $27.68, which is 17.99% up on its pre-crash value of $22.7 and 120.73% up on the lowest point reached during the March crash when the stocks fell as low as $12.54.
If you had bought $1,000 worth of HP stocks at the start of February 2020, those stocks would have been worth $643.22 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,299.58.
HP stock priceUse our graph to track the performance of HPQ stocks over time.
HP stocks at a glance
|Latest market close||$27.68|
|52-week range||$16.7768 - $35.5297|
|50-day moving average||$28.9386|
|200-day moving average||$30.5094|
|Wall St. target price||$32.05|
|Dividend yield||$0.758 (2.7%)|
|Earnings per share (TTM)||$3.192|
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Note: The dollar amounts in the table below are in Canadian dollars.
HP price performance over time
|1 week (2021-09-10)||-1.14%|
|1 month (2021-08-20)||-1.91%|
|3 months (2021-06-18)||-3.45%|
|6 months (2021-03-19)||-7.98%|
|1 year (2020-09-18)||46.07%|
|2 years (2019-09-19)||47.63%|
|3 years (2018-09-19)||9.58%|
|5 years (2016-09-19)||90.11%|
Is HP under- or over-valued?
Valuing HP stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of HP's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
HP's P/E ratio
HP's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, HP stocks trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the stocks or simply that they're under-valued.
HP's PEG ratio
HP's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.8967. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into HP's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
HP's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$6.1 billion.
The EBITDA is a measure of a HP's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$62.1 billion|
|Operating margin TTM||8.49%|
|Gross profit TTM||USD$10.4 billion|
|Return on assets TTM||9.44%|
|Return on equity TTM||-9999999%|
|Market capitalisation||USD$31.9 billion|
TTM: trailing 12 months
How to short and sell HP stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "HPQ.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 45.7 million HP stocks held short by investors – that's known as HP's "short interest". This figure is 30% up from 35.1 million last month.
There are a few different ways that this level of interest in shorting HP stocks can be evaluated.
HP's "short interest ratio" (SIR)
HP's "short interest ratio" (SIR) is the quantity of HP stocks currently shorted divided by the average quantity of HP stocks traded daily (recently around 9.1 million). HP's SIR currently stands at 5.04. In other words for every 100,000 HP stocks traded daily on the market, roughly 5040 stocks are currently held short.
However HP's short interest can also be evaluated against the total number of HP stocks, or, against the total number of tradable HP stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case HP's short interest could be expressed as 0.04% of the outstanding stocks (for every 100,000 HP stocks in existence, roughly 40 stocks are currently held short) or 0.0397% of the tradable stocks (for every 100,000 tradable HP stocks, roughly 40 stocks are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the stock price, with fewer people currently willing to bet against HP.
Find out more about how you can short HP stock.
HP's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like HP.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
HP's total ESG risk score
Total ESG risk: 13.92
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and HP's overall score of 13.92 (as at 01/01/2019) is excellent – landing it in it in the 5th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like HP is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
HP's environmental score
Environmental score: 0.82/100
HP's environmental score of 0.82 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that HP is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
HP's social score
Social score: 6.15/100
HP's social score of 6.15 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that HP is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
HP's governance score
Governance score: 4.59/100
HP's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that HP is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
HP's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. HP scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that HP has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||13.92|
|Total ESG percentile||4.74|
|Environmental score percentile||3|
|Social score percentile||3|
|Governance score percentile||3|
|Level of controversy||2|
HP stock dividends
Dividend payout ratio: 22.34% of net profits
Recently HP has paid out, on average, around 22.34% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), HP shareholders could enjoy a 2.77% return on their shares, in the form of dividend payments. In HP's case, that would currently equate to about $0.758 per share.
While HP's payout ratio might seem low, this can signify that HP is investing more in its future growth.
HP's most recent dividend payout was on 6 October 2021. The latest dividend was paid out to all shareholders who bought their stocks by 7 September 2021 (the "ex-dividend date").
Have HP stocks ever split?
HP stocks were split on a 2202:1000 basis on 2 November 2015. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 2202 shares. This wouldn't directly have changed the overall worth of your HP stocks – just the quantity. However, indirectly, the new 54.6% lower stock price could have impacted the market appetite for HP stocks which in turn could have impacted HP's stock price.
HP stock price volatility
Over the last 12 months, HP's stocks have ranged in value from as little as $16.7768 up to $35.5297. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while HP's is 1.0147. This would suggest that HP's stocks are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services. The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services, as well as scanning devices. The Corporate Investments segment includes HP Labs and business incubation projects. HP Inc. serves individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
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