Could Hewlett Packard Enterprise Co (HPE) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Hewlett Packard Enterprise Co (NYSE:HPE) shares traded at $15.93, up 1.21% from the previous session.

As of this writing, 21 analysts cover Hewlett Packard Enterprise Co (NYSE:HPE). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $15.00, we find $18.00. Given the previous closing price of $15.74, this indicates a potential upside of 14.36 percent. HPE stock price is now -3.18% away from the 50-day moving average and -0.80% away from the 200-day moving average. The market capitalization of the company currently stands at $20.44B.

There are 12 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $18.05 as their price target over the next twelve months.

With the price target of $18, Citigroup recently initiated with Neutral rating for Hewlett Packard Enterprise Co (NYSE: HPE).

In other news, Neri Antonio F, President and CEO sold 434,884 shares of the company’s stock on Sep 07. The stock was sold for $7,601,946 at an average price of $17.48. Upon completion of the transaction, the President and CEO now directly owns 1,370,291 shares in the company, valued at $21.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, EVP, Chief People Officer MAY ALAN RICHARD sold 343,016 shares of the business’s stock. A total of $5,995,817 was realized by selling the stock at an average price of $17.48. This leaves the insider owning 249,511 shares of the company worth $3.97 million. Insiders disposed of 3,674,729 shares of company stock worth roughly $58.54 million over the past 1 year. A total of 0.33% of the company’s stock is owned by insiders.

Friday morning saw Hewlett Packard Enterprise Co (NYSE: HPE) opened at $15.87. During the past 12 months, Hewlett Packard Enterprise Co has had a low of $13.65 and a high of $18.14. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.87, and a quick ratio of 0.65. According to the stock market information, the enterprise value for the company is $30.87B, which is based on a 19.52 price-to-earnings ratio, a 8.68 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for HPE is $16.42 and a two-hundred day moving average price translates $16.06 for the stock.

The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for Jul, 2023. According to the Communication Equipment Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.47 by 0.02. This compares to $0.31 EPS in the same period last year. The net profit margin was 3.66% and return on equity was 5.23% for HPE. The company reported revenue of $7.0 billion for the quarter, compared to $6.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.73 percent. For the current quarter, analysts expect HPE to generate $7.36B in revenue.

Hewlett Packard Enterprise Co(HPE) Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP. It also offers HPE Cray, HPE Apollo, and converged edge systems; and HPE Superdome Flex, HPE Nonstop, and HPE Integrity products. In addition, the company provides HPE Aruba product portfolio that includes hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba software and services comprising cloud-based management, network management, network access control, analytics and assurance, and location; and professional and support services, as well as as-a-service and consumption models for the intelligent edge portfolio of products. Further, it offers various leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. Additionally, the company provides consultative-led services; HPE Ezmeral Container Platform; HPE Ezmeral Data Fabric; and Hewlett Packard Labs. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.