Stock On Watch: What’s Next for Hewlett Packard Enterprise Co After Making 52-Week High?

Stock On Watch: What's Next for Hewlett Packard Enterprise Co After Making 52 Week High?

The stock of Hewlett Packard Enterprise Co (NYSE:HPE) hit a new 52-week high and has $33.96 target or 43.00% above today’s $23.75 share price. The 6 months bullish chart indicates low risk for the $39.67 billion company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $33.96 price target is reached, the company will be worth $17.06B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.71M shares traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 35.32% since April 18, 2016 and is uptrending. It has outperformed by 30.89% the S&P500.

Hewlett Packard Enterprise Co (NYSE:HPE) Ratings Coverage

Out of 23 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 8 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 35% are positive. $26 is the highest target while $13 is the lowest. The $18.04 average target is -24.04% below today’s ($23.75) stock price. Hewlett Packard Enterprise has been the topic of 26 analyst reports since November 3, 2015 according to StockzIntelligence Inc. As per Friday, December 11, the company rating was initiated by BMO Capital Markets. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has “Neutral” rating given on Tuesday, November 3 by Mizuho. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has “Equal-Weight” rating given on Wednesday, November 11 by Morgan Stanley. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has “Mkt Perform” rating given on Wednesday, November 18 by Raymond James. Deutsche Bank maintained the stock with “Buy” rating in Thursday, June 9 report. The rating was initiated by Argus Research with “Buy” on Thursday, December 3. The company was initiated on Monday, November 9 by BMO Capital Markets. The firm has “Neutral” rating by Macquarie Research given on Monday, February 22. The company was initiated on Wednesday, November 4 by JP Morgan. FBN Securities initiated the stock with “Outperform” rating in Wednesday, November 25 report.

According to Zacks Investment Research, “Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. The Enterprise Group is the company’s largest revenue contributor, accounting for more than half of total revenues. This segment offers servers, management software, converged infrastructure solutions and technology services; hybrid cloud solutions, business critical systems and storage products. The Software segment offers software to capture, store, explore, analyze, protect and share information and insights within and outside organizations; enterprise security, application delivery management, IT operations management software products. The Enterprise Services segment offers consulting, outsourcing and support services across infrastructure, applications and business process domains; application and business services. The company is headquartered in Palo Alto, California.”

More notable recent Hewlett Packard Enterprise Co (NYSE:HPE) news were published by: Fool.com which released: “3 Reasons Hewlett-Packard Enterprise Co. Stock Is Still Cheap” on November 04, 2016, also Investorplace.com with their article: “Hewlett Packard Enterprise Co (HPE) Stock Is a Long-Term Survivor” published on November 10, 2016, Fool.com published: “Better Buy: Hewlett Packard Enterprise Co. vs. Cisco Systems Inc.” on October 25, 2016. More interesting news about Hewlett Packard Enterprise Co (NYSE:HPE) were released by: Forbes.com and their article: “Hewlett Packard Enterprise Reaches Analyst Target Price” published on October 20, 2016 as well as Fool.com‘s news article titled: “4 Reasons to Buy Hewlett Packard Enterprise Stock Now” with publication date: November 14, 2016.

HPE Company Profile

Hewlett Packard Enterprise Company, incorporated on February 25, 2015, is a well-known provider of technology solutions. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology (IT). The Software segment allows its clients to automate IT activities to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services segment brings all of its solutions together through its consulting and support professionals. The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others. The Company’s clients range from small and medium-sized businesses (SMBs) to large global enterprises.

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