Market Analysts see Hewlett Packard Enterprise Co [HPE] falling to $17. Time to buy?

Hewlett Packard Enterprise Co [NYSE: HPE] jumped around 0.2 points on Friday, while shares priced at $17.17 at the close of the session, up 1.18%.

Compared to the average trading volume of 15.09M shares, HPE reached a trading volume of 9189350 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus 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 $17.68 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 2.78. 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.

Wells Fargo have made an estimate for Hewlett Packard Enterprise Co shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 01, 2024. While these analysts kept the previous recommendation, Bernstein dropped their target price from $20 to $17. The new note on the price target was released on January 16, 2024, representing the official price target for Hewlett Packard Enterprise Co stock. Previously, the target price had yet another raise to $16, while Morgan Stanley analysts kept a Equal-Weight rating on HPE stock.

The Average True Range (ATR) for Hewlett Packard Enterprise Co is set at 0.44, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 3.06. Price to Free Cash Flow for HPE in the course of the last twelve months was 8.48 with Quick ratio for the last quarter at 0.62.

How has HPE stock performed recently?

Hewlett Packard Enterprise Co [HPE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.26. With this latest performance, HPE shares dropped by -2.83% in over the last four-week period, additionally plugging by 13.41% over the last 6 months – not to mention a rise of 21.86% 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 48.80, with the RSI for the last a single of trading hit 48.27, and the three-weeks RSI is set at 50.50 for Hewlett Packard Enterprise Co [HPE]. The present Moving Average for the last 50 days of trading for this stock 16.99, while it was recorded at 16.95 for the last single week of trading, and 16.66 for the last 200 days.

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

Hewlett Packard Enterprise Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.62 and a Current Ratio set at 0.89.

Earnings analysis for Hewlett Packard Enterprise Co [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 Co go to 2.70%.

Insider trade positions for Hewlett Packard Enterprise Co [HPE]

The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HPE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HPE stock with ownership which is approximately 5.8386%.