Hewlett Packard Enterprise (HPE) shares on the New York Stock Exchange have received a consensus rating of “Hold” from ten brokerages covering the stock. Seven analysts rated the stock as hold, while three issued a buy rating. The average 12-month price target for HPE among brokers who covered the stock in the last year is $17.91.
Analysts at StockNews.com downgraded HPE from a “buy” rating to a “hold” rating. Evercore ISI, Barclays, and Stifel Nicolaus also adjusted their price targets for HPE in recent reports. Morgan Stanley, on the other hand, raised their price target on HPE.
HPE’s operations saw a 0.9% increase, and the company recently declared a quarterly dividend. Senior vice president Jeremy Cox sold shares in April, and several hedge funds have made changes to their positions in the company.
Hewlett Packard Enterprise Company provides solutions for customers to capture, analyze, and act on data across various regions. The company operates in six segments: Computing, HPC and AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others.
HPE’s recent quarterly earnings report showed earnings per share of $0.48, beating estimates. The company had revenue of $6.76 billion, with a return on equity of 9.12% and a net margin of 6.81%. Analysts predict HPE will post 1.4 EPS for the fiscal year.
With a market capitalization of $23.93 billion, HPE has a P/E ratio of 12.70, a beta of 1.20, and a current ratio of 0.89. The company’s stock price has ranged from $13.79 to $20.07 over the past year. The dividend payout ratio is 35.86%, with a dividend yield of 2.82%.
Overall, HPE has seen a mix of ratings and price target adjustments from analysts in recent reports. The company’s financial performance, operations, and dividend announcements have influenced investor sentiment and stakeholder activity.
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https://www.defenseworld.net/2024/05/25/hewlett-packard-enterprise-nysehpe-receives-average-recommendation-of-hold-from-analysts.html
