Hewlett Packard Enterprise Co (NYSE:HPE) has been assigned a consensus rating of “Hold” from the twenty-three research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.91.
HPE has been the subject of several recent research reports. Argus downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Standpoint Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Susquehanna Bancshares reissued a “hold” rating and set a $10.00 target price on shares of Hewlett Packard Enterprise in a research note on Monday, July 13th. JPMorgan Chase & Co. raised Hewlett Packard Enterprise from an “underweight” rating to a “neutral” rating and set a $11.00 target price on the stock in a research note on Tuesday, May 26th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th.
HPE stock traded down $0.13 during midday trading on Friday, hitting $9.50. The company had a trading volume of 15,150,963 shares, compared to its average volume of 11,269,359. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.85. Hewlett Packard Enterprise has a 52 week low of $7.43 and a 52 week high of $17.59. The stock’s 50 day moving average price is $9.65 and its 200 day moving average price is $9.82. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of -475.00, a PEG ratio of 1.40 and a beta of 1.24.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Analysts predict that Hewlett Packard Enterprise will post 1.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.05%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.12%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the second quarter. Principal Financial Group Inc. now owns 2,166,079 shares of the technology company’s stock worth $21,076,000 after acquiring an additional 60,468 shares during the last quarter. Bridgeway Capital Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the second quarter. Bridgeway Capital Management Inc. now owns 2,463,900 shares of the technology company’s stock worth $23,974,000 after acquiring an additional 70,000 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 556,876 shares of the technology company’s stock worth $5,418,000 after acquiring an additional 3,692 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $3,170,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $2,804,000. 80.89% of the stock is currently owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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