Hewlett Packard Enterprise Co [HPE] stock prices are up 2.64% to $21.74 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HPE shares have gain 1.87% over the last week, with a monthly amount glided 12.58%, 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 November 18, 2024, when Raymond James upgraded its rating to a Strong Buy and also boosted its price target to $29 from $23. Previously, Deutsche Bank started tracking the stock with Hold rating on October 09, 2024, and set its price target to $22. On September 25, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $24 on the stock. BofA Securities upgraded its rating to a Buy and raised its price target to $24 on September 17, 2024. Argus upgraded its rating to Buy for this stock on June 07, 2024. In a note dated March 01, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $21 to $17.
The stock price of Hewlett Packard Enterprise Co [HPE] has been fluctuating between $14.47 and $22.82 over the past year. Currently, Wall Street analysts expect the stock to reach $20.82 within the next 12 months. Hewlett Packard Enterprise Co [NYSE: HPE] shares were valued at $21.74 at the most recent close of the market. An investor can expect a potential drop of -4.23% based on the average HPE price forecast.
Analyzing the HPE fundamentals
The Hewlett Packard Enterprise Co [NYSE:HPE] reported sales of 28.92B for trailing twelve months, representing a surge of 9.33%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 21.37 points at the first support level, and at 21.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.03, and for the 2nd resistance point, it is at 22.33.
Ratios To Look Out For
It’s worth pointing out that Hewlett Packard Enterprise Co [NYSE:HPE]’s Current Ratio is 0.94. Further, the Quick Ratio stands at 0.61, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 15.49.
Transactions by insiders
Recent insider trading involved Neri Antonio F, President and CEO, that happened on Oct 14 ’24 when 0.25 million shares were sold. SVP, Controller & CTO, Cox Jeremy completed a deal on Oct 08 ’24 to sell 7770.0 shares. Meanwhile, Officer Cox Jeremy bought 7770.0 shares on Oct 08 ’24.
