Currently, there are 1.32B common shares owned by the public and among those 1.31B shares have been available to trade.
The company’s stock has a 5-day price change of -1.01% and 14.76% over the past three months. HPE shares are trading 27.27% year to date (YTD), with the 12-month market performance up to 29.09% higher. It has a 12-month low price of $14.47 and touched a high of $24.24 over the same period. HPE has an average intraday trading volume of 13.47 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 -0.75%, 2.29%, and 11.76% respectively.
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Institutional ownership of Hewlett Packard Enterprise Co (NYSE: HPE) shares accounts for 84.08% of the company’s 1.32B shares outstanding.
It has a market capitalization of $29.40B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 11.43, while the earnings-per-share (ttm) stands at $1.89. The company has a PEG of 1.86 and a Quick Ratio of 0.98 with the debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.91% over the week and 3.50% over the month.
Earnings per share for the fiscal year are expected to increase by 7.14%, and 7.40% over the next financial year. EPS should shrink at an annualized rate of 6.14% over the next five years, compared to 19.99% 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 Buy rating for the stock in a research note on December 19, 2024, with the firm’s price target at $25. Citigroup coverage for the Hewlett Packard Enterprise Co (HPE) stock in a research note released on December 06, 2024 offered a Buy rating with a price target of $26. Morgan Stanley was of a view on December 05, 2024 that the stock is Overweight, while Raymond James gave the stock Strong Buy rating on November 18, 2024, issuing a price target of $23- $29. Deutsche Bank on their part issued Hold rating on October 09, 2024.
