In yesterday’s Wall Street session, Hewlett Packard Enterprise Co (NYSE:HPE) shares traded at $17.73, up 0.34% from the previous session.
HPE stock price is now 9.87% away from the 50-day moving average and 6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $23.05B.
With the price target reduced from $21 to $17, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Hewlett Packard Enterprise Co (NYSE: HPE). On January 16, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $20 to quote $17, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Major Kristin K, EVP, Chief People Officer sold 24,722 shares of the company’s stock on Mar 06 ’24. The stock was sold for $469,965 at an average price of $19.01. Upon completion of the transaction, the EVP, Chief People Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, EVP, Pres & CEO Financial Serv Gold Gerri sold 13,399 shares of the business’s stock. A total of $241,285 was realized by selling the stock at an average price of $18.01. This leaves the insider owning 79,865 shares of the company worth $1.42 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Hewlett Packard Enterprise Co has had a low of $13.65 and a high of $20.07. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 0.89, and a quick ratio of 0.62. According to the stock market information, the enterprise value for the company is $32.08B, which is based on a 12.21 price-to-earnings ratio, a 4.52 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for HPE is $16.19 and a two-hundred day moving average price translates $16.59 for the stock.
The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for Jan, 2024. According to the Communication Equipment Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.45 by 0.03. This compares to $0.38 EPS in the same period last year. The net profit margin was 6.81% and return on equity was 9.23% for HPE. The company reported revenue of $6.75 billion for the quarter, compared to $7.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.5 percent. For the current quarter, analysts expect HPE to generate $6.83B in revenue.
