Hewlett Packard Enterprise Co. (HPE) Hits New 1-Year High at $19.90
Hewlett Packard Enterprise Co. (NYSE:HPE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.90 and last traded at $19.88, with a volume of 5,208,923 shares. The stock had previously closed at $19.34.
HPE has been the topic of several analyst reports. Vetr raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.10 price target on the stock in a research note on Monday, April 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 price target (up from $20.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, April 6th. Macquarie reaffirmed a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, March 24th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, March 14th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.43.
The stock has a 50 day moving average price of $18.44 and a 200 day moving average price of $16.10. The company has a market capitalization of $32.89 billion and a price-to-earnings ratio of 16.21.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, May 24th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.35 billion. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise Co. will post $1.88 EPS for the current year.
In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 5,830 shares of the firm’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $19.23, for a total transaction of $112,110.90. Following the transaction, the senior vice president now owns 5,830 shares in the company, valued at $112,110.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kirt P. Karros sold 15,280 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $17.41, for a total value of $266,024.80. The disclosure for this sale can be found here.
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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