Hewlett Packard Enterprise Co [NYSE: HPE] stock went on an upward path that rose over 2.02% on Friday, amounting to a one-week price decrease of less than -2.39%.
Over the last 12 months, HPE stock rose by 28.45%. The one-year Hewlett Packard Enterprise Co stock forecast points to a potential upside of 4.16. The average equity rating for HPE stock is currently 2.26, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for the stock reached $28.11 billion, with 1.30 billion shares outstanding and 1.29 billion shares in the current float. Compared to the average trading volume of 15.77M shares, HPE stock reached a trading volume of 7085632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $22.14 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 2.26. 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.
Raymond James have made an estimate for Hewlett Packard Enterprise Co shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on November 18, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on October 09, 2024, representing the official price target for Hewlett Packard Enterprise Co stock. Previously, the target price had yet another raise from $20 to $24, while Barclays kept a Overweight rating on HPE stock.
The Average True Range (ATR) for Hewlett Packard Enterprise Co is set at 0.65, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 2.95. Price to Free Cash Flow for HPE in the course of the last twelve months was 10.34 with Quick ratio for the last quarter at 0.61.
HPE Stock Performance Analysis:
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 -2.39. With this latest performance, HPE shares gained by 4.33% in over the last four-week period, additionally plugging by 20.23% over the last 6 months – not to mention a rise of 28.45% 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 51.15, with the RSI for the last a single of trading hit 47.93, and the three-weeks RSI is set at 52.82 for Hewlett Packard Enterprise Co [HPE]. The present Moving Average for the last 50 days of trading for this stock 20.63, while it was recorded at 21.69 for the last single week of trading, and 18.89 for the last 200 days.
Insight into Hewlett Packard Enterprise Co Fundamentals:
Hewlett Packard Enterprise Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 0.94.
HPE Stock EPS
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 3.45%.
Hewlett Packard Enterprise Co [HPE] Institutonal Ownership Details
There are presently around $86.48%, or 86.82%% of HPE stock, in the hands of institutional investors. The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 163.62 million shares, which is approximately 12.4809%. BLACKROCK INC., holding 125.55 million shares of the stock with an approximate value of $$2.66 billion in HPE stocks shares; and BLACKROCK INC., currently with $$1.47 billion in HPE stock with ownership which is approximately 5.2493%.
