Citigroup slashes price target on Hewlett Packard Enterprise Co [HPE] – find out why.

Hewlett Packard Enterprise Co [NYSE: HPE] closed the trading session at $15.60 on 11/27/23. The day’s price range saw the stock hit a low of $15.57, while the highest price level was $15.78. The company report on November 21, 2023 at 9:00 AM that Swisslog advances customer experience with next-gen private cloud from Hewlett Packard Enterprise.

One of the world’s leading intralogistics automation companies, Swisslog selects HPE GreenLake for Private Cloud Enterprise to bring its IT managed services to the next level.

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Swisslog GmbH has selected HPE GreenLake for Private Cloud Enterprise to accelerate the delivery of IT managed services for intralogistics automation and to advance customer experience. The new platform will enable Swisslog to deploy new IT services within minutes and automate the resolution of support cases to ensure a frictionless operation of customers’ intralogistic automation.

The stocks have a year to date performance of -2.26 percent and weekly performance of -2.07 percent. The stock has been moved at 1.69 percent over the last six months. The stock has performed 3.11 percent around the most recent 30 days and changed -7.09 percent over the most recent 3-months.

If compared to the average trading volume of 9.72M shares, HPE reached to a volume of 11141219 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Hewlett Packard Enterprise Co [HPE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPE shares is $17.99 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 2.75. 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.

Citigroup have made an estimate for Hewlett Packard Enterprise Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 30, 2023.

The Average True Range (ATR) for Hewlett Packard Enterprise Co is set at 0.32, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 2.44. Price to Free Cash Flow for HPE in the course of the last twelve months was 13.63 with Quick ratio for the last quarter at 0.65.

HPE stock trade performance evaluation

Hewlett Packard Enterprise Co [HPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.07. With this latest performance, HPE shares gained by 3.11% in over the last four-week period, additionally plugging by 1.69% over the last 6 months – not to mention a drop of -1.27% 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 43.44, with the RSI for the last a single of trading hit 42.15, and the three-weeks RSI is set at 43.87 for Hewlett Packard Enterprise Co [HPE]. The present Moving Average for the last 50 days of trading for this stock 16.29, while it was recorded at 15.73 for the last single week of trading, and 16.04 for the last 200 days.

Hewlett Packard Enterprise Co [HPE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hewlett Packard Enterprise Co [HPE] shares currently have an operating margin of +6.54 and a Gross Margin at +31.40. Hewlett Packard Enterprise Co’s Net Margin is presently recorded at +3.09.

Return on Total Capital for HPE is now 5.41, given the latest momentum, and Return on Invested Capital for the company is 2.92. Return on Equity for this stock inclined to 4.36, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, Hewlett Packard Enterprise Co [HPE] has a Total Debt to Total Equity ratio set at 67.88. Additionally, HPE Total Debt to Total Capital is recorded at 40.43, with Total Debt to Total Assets ending up at 23.61. Long-Term Debt to Equity for the company is recorded at 43.82, with the Long-Term Debt to Total Capital now at 26.10.

Reflecting on the efficiency of the workforce at the company, Hewlett Packard Enterprise Co [HPE] managed to generate an average of $14,419 per employee. Receivables Turnover for the company is 3.62 with a Total Asset Turnover recorded at a value of 0.49.Hewlett Packard Enterprise Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 0.87.

Earnings per share (EPS) analysis for Hewlett Packard Enterprise Co [HPE] stock

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 Co go to 2.25%.

Hewlett Packard Enterprise Co [HPE]: Institutional Ownership

The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HPE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HPE stock with ownership which is approximately 5.7994%.