Hewlett Packard Enterprise Co (HPE): A Great Stock For Handling Current Market Conditions?

Currently, there are 1.30B common shares owned by the public and among those 1.29B shares have been available to trade.

The company’s stock has a 5-day price change of 3.28% and 4.48% over the past three months. HPE shares are trading 5.65% year to date (YTD), with the 12-month market performance up to 15.59% higher. It has a 12-month low price of $13.65 and touched a high of $20.07 over the same period. HPE has an average intraday trading volume of 15.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.56%, 10.81%, and 8.11% respectively.

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Institutional ownership of Hewlett Packard Enterprise Co (NYSE: HPE) shares accounts for 83.46% of the company’s 1.30B shares outstanding.

It has a market capitalization of $23.32B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 12.36, while the earnings-per-share (ttm) stands at $1.45. The company has a PEG of 4.58 and a Quick Ratio of 0.62 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.02% over the week and 4.04% over the month.

Analysts forecast that Hewlett Packard Enterprise Co (HPE) will achieve an EPS of $0.39 for the current quarter, $0.47 for the next quarter and $2.04 for 2025. The lowest estimate earnings-per-share for the quarter is $0.36 while analysts give the company a high EPS estimate of $0.43. Comparatively, EPS for the current quarter was $0.52 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.67%, and 9.30% over the next financial year. EPS should shrink at an annualized rate of 2.70% over the next five years, compared to 4.61% over the past 5-year period.

Looking at the support for the HPE, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on March 01, 2024, with the firm’s price target at $21-$17. Bernstein coverage for the Hewlett Packard Enterprise Co (HPE) stock in a research note released on January 16, 2024 offered a Mkt Perform rating with a price target of $17. Morgan Stanley was of a view on November 30, 2023 that the stock is Equal-Weight, while Citigroup gave the stock Neutral rating on June 30, 2023, issuing a price target of $18. Goldman on their part issued Neutral rating on March 20, 2023.

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