Hewlett Packard Enterprise Company (NYSE: HPE) is -10.34% lower on its value in year-to-date trading and has touched a low of $11.90 and a high of $17.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HPE stock was last observed hovering at around $13.91 in the last trading session, with the day’s gains setting it 0.4% off its average median price target of $18.00 for the next 12 months. It is also 28.45% off the consensus price target high of $20.00 offered by 20 analysts, but current levels are -2.21% lower than the price target low of $14.00 for the same period.
Currently trading at $14.31, the stock is -6.59% and -10.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.24 million and changing 2.88% at the moment leaves the stock -2.13% off its SMA200. HPE registered -13.43% loss for a year compared to 6-month gain of 9.82%.
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The stock witnessed a -13.48% loss in the last 1 month and extending the period to 3 months gives it a -11.94%, and is -2.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.91% over the week and 2.23% over the month.
Hewlett Packard Enterprise Company (HPE) has around 60200 employees, a market worth around $19.04B and $29.34B in sales. Current P/E ratio is 22.26 and Fwd P/E is 6.65. Profit margin for the company is 2.90%. Distance from 52-week low is 20.25% and -18.95% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).
Hewlett Packard Enterprise Company (HPE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hewlett Packard Enterprise Company (HPE) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.50, where 9 rate it as a Hold and 4 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Hewlett Packard Enterprise Company is expected to release its quarterly report on 05/31/2023.The EPS is expected to shrink by -74.50% this year
Hewlett Packard Enterprise Company (HPE) Top Institutional Holders
The shares outstanding are 1.30B, and float is at 1.28B with Short Float at 1.88%.
Hewlett Packard Enterprise Company (HPE) Insider Activity
A total of 137 insider transactions have happened at Hewlett Packard Enterprise Company (HPE) in the last six months, with sales accounting for 73 and purchases happening 64 times. The most recent transaction is an insider sale by Mottram Phil, the company’s EVP, GM, Intelligent Edge. SEC filings show that Mottram Phil sold 34,764 shares of the company’s common stock on Mar 10 at a price of $14.61 per share for a total of $0.51 million. Following the sale, the insider now owns 0.0 shares.
Hewlett Packard Enterprise Company disclosed in a document filed with the SEC on Mar 09 that Black Thomas E Jr (EVP, GM, Storage) sold a total of 34,088 shares of the company’s common stock. The trade occurred on Mar 09 and was made at $15.05 per share for $0.51 million. Following the transaction, the insider now directly holds 0.0 shares of the HPE stock.
Still, SEC filings show that on Mar 07, MAY ALAN RICHARD (EVP, Chief People Officer) disposed off 703,226 shares at an average price of $15.11 for $10.62 million. The insider now directly holds 249,511 shares of Hewlett Packard Enterprise Company (HPE).
Hewlett Packard Enterprise Company (HPE): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading 0.49% up over the past 12 months and Microsoft Corporation (MSFT) that is -3.81% lower over the same period. Cisco Systems Inc. (CSCO) is -9.86% down on the 1-year trading charts.
