Analyst Expect Big Moves From Hewlett Packard Enterprise Co (NYSE: HPE)

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 2.63% and 23.08% over the past three months. HPE shares are trading 26.27% year to date (YTD), with the 12-month market performance up to 23.79% higher. It has a 12-month low price of $14.47 and touched a high of $22.82 over the same period. HPE has an average intraday trading volume of 16.88 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 1.29%, 10.85%, and 24.78% respectively.

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Institutional ownership of Hewlett Packard Enterprise Co (NYSE: HPE) shares accounts for 84.49% of the company’s 1.30B shares outstanding.

It has a market capitalization of $27.86B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 15.63, while the earnings-per-share (ttm) stands at $1.37. The company has a PEG of 4.22 and a Quick Ratio of 0.59 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 3.01% over the month.

Earnings per share for the fiscal year are expected to decrease by -10.55%, and 9.25% over the next financial year. EPS should shrink at an annualized rate of 3.70% over the next five years, compared to 4.61% over the past 5-year period.

Wells Fargo coverage for the Hewlett Packard Enterprise Co (HPE) stock in a research note released on March 01, 2024 offered a Equal Weight rating with a price target of $17. Bernstein was of a view on January 16, 2024 that the stock is Mkt Perform, while Morgan Stanley gave the stock Equal-Weight rating on November 30, 2023, issuing a price target of $16. Citigroup on their part issued Neutral rating on June 30, 2023.

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