Hewlett Packard Enterprise Co (NYSE:HPE) has earned a “BBB” credit rating from analysts at Morningstar. The investment research firm’s “BBB” rating indicates that the company is a moderate default risk. They also gave their stock a four star rating.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 27th. Vetr cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $15.26 target price on the stock. in a research report on Monday, February 22nd. RBC Capital reissued a “sector perform” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, January 7th. Deutsche Bank reissued a “buy” rating and issued a $23.00 target price (up from $19.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 1st. Finally, Susquehanna started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, December 8th. They issued a “negative” rating and a $15.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.19.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 16.33 on Friday. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $18.50. The company has a market cap of $28.46 billion and a price-to-earnings ratio of 12.19. The company has a 50 day moving average of $13.70 and a 200-day moving average of $14.21.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, March 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business earned $12.70 billion during the quarter, compared to analyst estimates of $12.68 billion. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post $1.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 6th. Stockholders of record on Wednesday, March 9th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Monday, March 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.35%.
An institutional investor recently bought a new position in Hewlett Packard Enterprise stock. Park National bought a new position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 27,905 shares of the company’s stock, valued at approximately $424,000.
Hewlett Packard Enterprise Company (NYSE:HPE) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs.
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