Hewlett Packard Enterprise Co (NYSE:HPE) Receives Average Rating of “Hold” from Brokerages
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) have been assigned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.60.
HPE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Hewlett Packard Enterprise from a “neutral” rating to an “underweight” rating and set a $16.00 target price on the stock. in a report on Friday, November 1st. They noted that the move was a valuation call. ValuEngine raised Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 7th. Citigroup raised their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, November 25th. Finally, Credit Suisse Group reaffirmed a “sell” rating and issued a $13.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, November 28th.
In related news, SVP Jeff T. Ricci sold 20,895 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $15.75, for a total transaction of $329,096.25. Following the completion of the transaction, the senior vice president now directly owns 35,043 shares of the company’s stock, valued at approximately $551,927.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 432,998 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $16.04, for a total value of $6,945,287.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 549,735 shares of company stock valued at $8,825,608. 0.56% of the stock is owned by corporate insiders.
Shares of HPE stock traded down $0.01 during trading hours on Tuesday, reaching $15.54. The company’s stock had a trading volume of 7,559,358 shares, compared to its average volume of 8,592,606. The firm’s 50 day simple moving average is $15.82 and its 200-day simple moving average is $15.13. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.24 and a beta of 1.55. Hewlett Packard Enterprise has a fifty-two week low of $12.52 and a fifty-two week high of $17.59. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.55.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, November 25th. The technology company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.41 billion. Hewlett Packard Enterprise had a return on equity of 13.55% and a net margin of 3.60%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a dividend of $0.12 per share. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, December 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.12%.
About Hewlett Packard Enterprise
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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