Published: Wed, May 02, 2018
Tech | By Constance Martin

Hewlett Packard Enterprise (HPE) Stock Rating Lowered by Zacks Investment Research

Hewlett Packard Enterprise (HPE) Stock Rating Lowered by Zacks Investment Research

Hewlett Packard Enterprise Company (NYSE:HPE) has risen 33.00% since April 29, 2017 and is uptrending. Wall Street experts also assign a $19.13 price target on Hewlett Packard Enterprise Company, pointing towards a 12.2% rally from current levels.

According to Zacks, "We are encouraged by Hewlett Packard's massive restructuring initiatives". On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company's margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. The 6 month volatility is 31.195900, and the 3 month is spotted at 34.165200.

The stock has returned 5.69% since the starting of the year when viewing the starting price as compared to the ending price. Nonetheless, we remain slightly cautious about the company's near-term prospects due to the three main challenges it is now facing - heightened pressure from competitive pricing, elevated commodities pricing and some near-term execution issues. Credit Suisse Group AG now has a $26.00 price target on the stock. Vetr upgraded Hewlett Packard Enterprise from a buy rating to a strong-buy rating and set a $25.52 price target on the stock in a research note on Thursday, August 18th. Zacks Investment Research's EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Hewlett Packard Enterprise. As such, current ratio can be used to make a rough estimate of a company's financial health. Price target estimates can be calculated using different methods, and they may vary depending on the individual analyst. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company's stock. Hewlett-Packard presently has an average rating of "Buy" and a consensus price target of $23.94.

HPE stock opened at $17.35 on Monday. The firm has a market cap of $36,011.75, a price-to-earnings ratio of 13.19, a PEG ratio of 1.90 and a beta of 1.63. The company has a 50 day moving average of $22.29 and a 200 day moving average of $20.07. The 52-Week High range of the stock is $62.4, while the 52-week low range is $40.79. Three analysts have provided estimates for Hewlett-Packard's earnings.

Shares of Express Scripts Holding Company (NASDAQ:ESRX) showed a change of -1.96% over the last week and performed 0.68% over the last month while its year to date (YTD) performance revealed an activity trend of 1.42%. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%.

US's Pompeo: Current nuclear agreement not enough to curb Iran's ways
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc . He noted that Houthis routinely fire missiles into Saudi Arabia, threatening Red Sea shipping and the Saudi people.

According to 17 analysts, the Average Revenue Estimate for the current Fiscal quarter is $4.45 Billion and the Low Revenue estimate is $4.43 Billion, while the High Revenue estimate is $4.47 Billion. For the next year, analysts forecast that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.27 to $1.65.

Hewlett Packard Enterprise Company (NYSE:HPE) displayed a change of -1.73% in final minutes of Monday's trading session after which it closed the day' session at $17.05. The company shares sank -23.67% from their peak of $53.57 and now has a $6.62 billion market value of equity. Total debt to equity ratio of the company for most recent quarter is 0.00 whereas long term debt to equity ratio for most recent quarter is 0.00. Using this metric, investors can gauge whether high-growth stocks may be undervalued, even if they don't appear so with the more common P/E ratio. The shares were sold at an average price of $18.30, for a total transaction of $2,962,001.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,405 shares of the stock in a transaction that occurred on Tuesday, February 27th. With 12.75 million shares average volume, it will take short sellers 2 days to cover their HPE's short positions. Express Scripts Holding Company (ESRX) negotiated 3,628,203 shares and maintained an average volume of 5.15M shares.

If we checked the overall image of stock during recent quarter then we found that stock performance is trading up 0.47%. The Institutional ownership of the firm is 76.40% while Insiders ownership is 0.05%. The business's revenue was up 14.5% on a year-over-year basis. However, analysts' mean recommendation for this stock stands at 2.00. Beacon Investment Advisory Services Inc. acquired a new position in shares of Hewlett-Packard during the 3rd quarter valued at $613,000. BLB&B Advisors LLC now owns 17,159 shares of the technology company's stock valued at $246,000 after acquiring an additional 5,050 shares during the last quarter. Stifel Financial Corp now owns 232,379 shares of the computer maker's stock valued at $4,631,000 after purchasing an additional 57,071 shares during the period. Victory Capital Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 8.2% in the 4th quarter. On a Monthly basis the stock is 1.04%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

Like this: