Hewlett Packard Enterprise (NYSE:HPE) Earns Sell Rating from Credit Suisse Group

Share on StockTwits

Credit Suisse Group reaffirmed their sell rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report report published on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $13.00 price objective on the technology company’s stock.

HPE has been the topic of a number of other research reports. Barclays upped their price target on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an equal weight rating in a research report on Wednesday, August 28th. Loop Capital reduced their price target on Hewlett Packard Enterprise to $19.00 and set a buy rating on the stock in a research report on Wednesday, August 28th. Bank of America upgraded Hewlett Packard Enterprise from an underperform rating to a buy rating and set a $19.00 price target on the stock in a research report on Monday, October 21st. ValuEngine upgraded Hewlett Packard Enterprise from a strong sell rating to a sell rating in a research report on Monday, November 4th. Finally, Citigroup upped their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a neutral rating in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $16.47.

Shares of HPE opened at $15.83 on Thursday. Hewlett Packard Enterprise has a 12-month low of $12.09 and a 12-month high of $17.59. The business has a 50-day simple moving average of $16.31 and a two-hundred day simple moving average of $14.81. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.55. The stock has a market cap of $20.81 billion, a PE ratio of 8.94, a PEG ratio of 1.28 and a beta of 1.61.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, November 25th. The technology company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Hewlett Packard Enterprise had a return on equity of 13.55% and a net margin of 3.60%. The firm had revenue of $7.22 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was down 9.2% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.12 per share. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.42%.

In related news, CEO Antonio F. Neri sold 49,635 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the sale, the chief executive officer now owns 29,602 shares in the company, valued at approximately $449,654.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Davis sold 16,436 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total value of $237,171.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 519,526 shares of company stock worth $8,284,389. 0.56% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Hewlett Packard Enterprise by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 111,920,044 shares of the technology company’s stock valued at $1,673,205,000 after purchasing an additional 2,145,947 shares in the last quarter. BlackRock Inc. boosted its holdings in Hewlett Packard Enterprise by 7.7% in the second quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock worth $1,468,550,000 after acquiring an additional 7,054,145 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Hewlett Packard Enterprise by 14.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 14,357,266 shares of the technology company’s stock worth $214,641,000 after acquiring an additional 1,843,800 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hewlett Packard Enterprise by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 12,998,795 shares of the technology company’s stock worth $194,333,000 after acquiring an additional 261,286 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Hewlett Packard Enterprise by 24.7% in the second quarter. Invesco Ltd. now owns 12,041,146 shares of the technology company’s stock worth $180,014,000 after acquiring an additional 2,383,889 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

Read More: What is the Consumer Price Index (CPI)?

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.