Hewlett Packard Enterprise Co [HPE] stock is trading at $17.69, up 1.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HPE shares have gain 5.42% over the last week, with a monthly amount glided 18.49%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Hewlett Packard Enterprise Leverages GenAI to Enhance AIOps Capabilities of HPE Aruba Networking Central Platform. In a post published today on Yahoo Finance, New GenAI LLM models will be directly applied to HPE Aruba Networking Central’s AI Search feature improving performance and accuracy for enhanced operator experience and network services.
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 $20.07 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 $17.69 at the most recent close of the market. An investor can expect a potential return of 1.36% based on the average HPE price forecast.
Analyzing the HPE fundamentals
Hewlett Packard Enterprise Co [NYSE:HPE] reported sales of 28.08B for the trailing twelve months, which represents a drop of -13.25%. Gross Profit Margin for this corporation currently stands at 0.35% 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 17.48 points at the first support level, and at 17.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.87, and for the 2nd resistance point, it is at 18.05.
Hewlett Packard Enterprise Co [HPE] reported earnings per share of $0.48 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.03 and a surprise factor of 6.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.52 per share as compared to estimates of $0.5 per share, a difference of $0.02 representing a surprise of 4.00%.
Ratios To Look Out For
For context, Hewlett Packard Enterprise Co’s Current Ratio is 0.89. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.07 and price to earnings (TTM) ratio is 12.18.
Transactions by insiders
Recent insider trading involved Major Kristin K, EVP, Chief People Officer, that happened on Mar 06 ’24 when 24722.0 shares were sold. EVP, Pres & CEO Financial Serv, Gold Gerri completed a deal on Mar 05 ’24 to sell 13399.0 shares. Meanwhile, Director REINER GARY M sold 70000.0 shares on Mar 04 ’24.
