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 0.24% and -3.59% over the past three months. HPE shares are trading 21.73% year to date (YTD), with the 12-month market performance up to 20.45% 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 15.15 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 4.60%, 10.37%, and 14.47% respectively.
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Institutional ownership of Hewlett Packard Enterprise Co (NYSE: HPE) shares accounts for 82.69% of the company’s 1.30B shares outstanding.
It has a market capitalization of $26.84B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 14.73, while the earnings-per-share (ttm) stands at $1.40. The company has a PEG of 6.08 and a Quick Ratio of 0.61 with the debt-to-equity ratio at 0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.93% over the week and 2.33% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.95%, and 8.13% over the next financial year. EPS should shrink at an annualized rate of 2.42% 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. Deutsche Bank stated their Hold rating for the stock in a research note on October 09, 2024, with the firm’s price target at $22. Barclays coverage for the Hewlett Packard Enterprise Co (HPE) stock in a research note released on September 25, 2024 offered a Overweight rating with a price target of $24. Citigroup was of a view on September 23, 2024 that the stock is Neutral, while BofA Securities gave the stock Buy rating on September 17, 2024, issuing a price target of $21- $24. Argus on their part issued Buy rating on June 07, 2024.
