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 -2.91% and 13.91% over the past three months. HPE shares are trading 25.91% year to date (YTD), with the 12-month market performance up to 35.83% 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 15.16 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 3.85%, 7.18%, and 14.69% respectively.
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Institutional ownership of Hewlett Packard Enterprise Co (NYSE: HPE) shares accounts for 85.37% of the company’s 1.30B shares outstanding.
It has a market capitalization of $27.41B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 15.23, while the earnings-per-share (ttm) stands at $1.40. The company has a PEG of 4.42 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 2.56% over the week and 2.68% over the month.
Analysts forecast that Hewlett Packard Enterprise Co (HPE) will achieve an EPS of 0.56 for the current quarter, 0.49 for the next quarter and 2.11 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.54 while analysts give the company a high EPS estimate of 0.54. Comparatively, EPS for the current quarter was 0.52 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.84%, and 7.85% over the next financial year. EPS should shrink at an annualized rate of 3.45% 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. Raymond James stated their Strong Buy rating for the stock in a research note on Nov-19-24, with the firm’s price target at $23-$29. Deutsche Bank coverage for the Hewlett Packard Enterprise Co (HPE) stock in a research note released on October 09, 2024 offered a Hold rating with a price target of $22. Barclays was of a view on September 25, 2024 that the stock is Overweight, while Citigroup gave the stock Neutral rating on September 23, 2024, issuing a price target of $20. BofA Securities on their part issued Buy rating on September 17, 2024.
