Are Analysts Too Bullish On Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (NYSE:HPE) currently has a daily average trading volume of 17.08M but it saw 10406152 shares traded in last market. With a market cap of 27.75B USD, the company’s current market price of $21.35 came rising about 0.47 while comparing to the previous closing price of $21.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.82 and as low as $14.47.

Taking a look at 20-day trading activity of Hewlett Packard Enterprise Co (HPE) gives us an average price of $21.12, while its current price level is -6.44% below from 52-week high level whereas it is 47.60% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.18 while that of 200 days or SMA-200 reads an average of $17.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.39% during that period while stretching the period over a month that increases to 3.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.29 which implies that the stock is in neutral territory.

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Wells Fargo downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on March 01, 2024 while assigning a price target range of $21-$17. Bernstein issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $20 and $17.

Over the week, HPE’s stock price is moving 1.09% up while it is 6.59% when we observe its performance for the past one month. Year-to-date it is 25.74% up and over the past year, the stock is showing an upside performance of 25.66%.

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Currently, Hewlett Packard Enterprise Co’s total number of outstanding shares is 1.30B. Company’s return on investment (ROI) stands at 6.19% and return on equity (ROE) at 8.60%. It has a price to earnings ratio (P/E ratio) of 15.56 while having a 10.16 of forward P/E ratio. Stock’s beta reads 1.21. Stock has a price to book (P/B) ratio of 1.28 while price to sale or P/S ratio amounts to 0.98. Its return on asset (ROA) is 3.14% on average.

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