Hewlett Packard Enterprise Co [HPE] stock is trading at $15.56, up 2.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HPE shares have gain 2.98% over the last week, with a monthly amount glided 1.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hewlett Packard Enterprise Co [NYSE: HPE] stock has seen the most recent analyst activity on March 01, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $17 from $21. Previously, Bernstein downgraded its rating to Mkt Perform on January 16, 2024, and dropped its price target to $17. On November 30, 2023, upgrade upgraded it’s rating to Equal-Weight but maintained its price target of $16 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $18 on June 30, 2023. Goldman initiated its recommendation with a Neutral and recommended $15 as its price target on March 20, 2023. Evercore ISI downgraded its rating to In-line for this stock on January 12, 2023, but kept the price target unchanged to $18. In a note dated January 10, 2023, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $18.
Hewlett Packard Enterprise Co [HPE] stock has fluctuated between $13.65 and $18.14 over the past year. Currently, Wall Street analysts expect the stock to reach $17.93 within the next 12 months. Hewlett Packard Enterprise Co [NYSE: HPE] shares were valued at $15.56 at the most recent close of the market. An investor can expect a potential return of 15.23% based on the average HPE price forecast.
Analyzing the HPE fundamentals
Hewlett Packard Enterprise Co [NYSE:HPE] reported sales of 28.10B for the trailing twelve months, which represents a drop of -12.94%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.78 points at the first support level, and at 14.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.02, and for the 2nd resistance point, it is at 16.48.
Ratios To Look Out For
For context, Hewlett Packard Enterprise Co’s Current Ratio is 0.89. As well, the Quick Ratio is 0.63, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 10.75.
Transactions by insiders
Recent insider trading involved Cox Jeremy, SVP, Controller, CTO & CFO, that happened on Dec 20 when 1773.0 shares were sold. EVP, GM, Intelligent Edge, Mottram Phil completed a deal on Dec 18 to sell 50428.0 shares. Meanwhile, SVP, Treasurer & IR Karros Kirt P sold 26130.0 shares on Dec 14.
