Market Analysts see Hewlett Packard Enterprise Company [HPE] gaining to $20. Time to buy?

Hewlett Packard Enterprise Company [NYSE: HPE] traded at a low on 09/14/21, posting a -3.85 loss after which it closed the day’ session at $13.75. The company report on September 14, 2021 that HPE Announces New Chief Technology Officer Fidelma Russo.

Cloud Technology Leader Joins to Drive Innovation Agenda as HPE Transforms to a Cloud Services Company.

Hewlett Packard Enterprise (NYSE: HPE) announced that Fidelma Russo has been named Chief Technology Officer for the company. In this role, Fidelma will lead the innovation agenda and technology roadmap for HPE and manage the design and development of the HPE Greenlake edge-to-cloud platform.

The results of the trading session contributed to over 12546438 shares changing hands. Over the past one week, the price volatility of Hewlett Packard Enterprise Company stands at 2.99% while the volatility over the past one month is 2.47%.

The market cap for HPE stock reached $18.43 billion, with 1.31 billion shares outstanding and 1.30 billion shares in the current float. Compared to the average trading volume of 8.49M shares, HPE reached a trading volume of 12546438 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Hewlett Packard Enterprise Company [HPE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPE shares is $17.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPE stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Hewlett Packard Enterprise Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 26, 2021. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on May 12, 2021, representing the official price target for Hewlett Packard Enterprise Company stock. Previously, the target price had yet another raise to $20, while Jefferies analysts kept a Buy rating on HPE stock. On March 10, 2021, analysts increased their price target for HPE shares from 12 to 17.

The Average True Range (ATR) for Hewlett Packard Enterprise Company is set at 0.37, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 3.95. Price to Free Cash Flow for HPE in the course of the last twelve months was 26.17 with Quick ratio for the last quarter at 0.80.

How has HPE stock performed recently?

Hewlett Packard Enterprise Company [HPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.46. With this latest performance, HPE shares dropped by -8.21% in over the last four-week period, additionally sinking by -12.64% over the last 6 months – not to mention a rise of 46.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPE stock in for the last two-week period is set at 31.59, with the RSI for the last a single of trading hit 23.83, and the three-weeks RSI is set at 36.48 for Hewlett Packard Enterprise Company [HPE]. The present Moving Average for the last 50 days of trading for this stock 14.62, while it was recorded at 14.31 for the last single week of trading, and 14.42 for the last 200 days.

Hewlett Packard Enterprise Company [HPE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hewlett Packard Enterprise Company [HPE] shares currently have an operating margin of +5.77 and a Gross Margin at +29.88. Hewlett Packard Enterprise Company’s Net Margin is presently recorded at -1.20.

Return on Total Capital for HPE is now 4.85, given the latest momentum, and Return on Invested Capital for the company is -1.16. Return on Equity for this stock declined to -1.94, with Return on Assets sitting at -0.61. When it comes to the capital structure of this company, Hewlett Packard Enterprise Company [HPE] has a Total Debt to Total Equity ratio set at 106.09. Additionally, HPE Total Debt to Total Capital is recorded at 51.48, with Total Debt to Total Assets ending up at 31.52. Long-Term Debt to Equity for the company is recorded at 81.53, with the Long-Term Debt to Total Capital now at 39.56.

Reflecting on the efficiency of the workforce at the company, Hewlett Packard Enterprise Company [HPE] managed to generate an average of -$5,421 per employee. Receivables Turnover for the company is 3.46 with a Total Asset Turnover recorded at a value of 0.51.Hewlett Packard Enterprise Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

Earnings analysis for Hewlett Packard Enterprise Company [HPE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hewlett Packard Enterprise Company go to 13.61%.

Insider trade positions for Hewlett Packard Enterprise Company [HPE]

There are presently around $14,948 million, or 84.40% of HPE stock, in the hands of institutional investors. The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 147,190,813, which is approximately 1.407% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 132,943,863 shares of the stock with an approximate value of $1.83 billion in HPE stocks shares; and DODGE & COX, currently with $1.57 billion in HPE stock with ownership of nearly -26.562% of the company’s market capitalization.

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Positions in Hewlett Packard Enterprise Company stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 397 institutional holders increased their position in Hewlett Packard Enterprise Company [NYSE:HPE] by around 104,310,764 shares. Additionally, 283 investors decreased positions by around 80,738,255 shares, while 167 investors held positions by with 902,102,889 shares. The mentioned changes placed institutional holdings at 1,087,151,908 shares, according to the latest SEC report filing. HPE stock had 102 new institutional investments in for a total of 27,059,678 shares, while 62 institutional investors sold positions of 4,512,285 shares during the same period.

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