Barclays Cuts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $19.00

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) had its price target dropped by research analysts at Barclays from $20.00 to $19.00 in a research note issued on Thursday, The Fly reports. Barclays‘s price target points to a potential upside of 20.41% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. StockNews.com started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, March 31st. They set a “buy” rating for the company. KGI Securities initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, April 19th. They issued an “outperform” rating on the stock. Sanford C. Bernstein raised shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Wednesday, March 2nd. JPMorgan Chase & Co. lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 in a report on Wednesday, May 25th. Finally, Morgan Stanley downgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Tuesday, April 12th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.14.

Shares of Hewlett Packard Enterprise stock opened at $15.78 on Thursday. The firm has a market cap of $20.52 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. Hewlett Packard Enterprise has a 1 year low of $12.99 and a 1 year high of $17.76. The firm’s 50-day simple moving average is $15.85 and its 200-day simple moving average is $16.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.94.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released its earnings results on Wednesday, June 1st. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.80 billion. Hewlett Packard Enterprise had a return on equity of 20.07% and a net margin of 13.32%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. On average, equities analysts predict that Hewlett Packard Enterprise will post 1.39 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Horizon Investments LLC lifted its position in shares of Hewlett Packard Enterprise by 5.0% during the 4th quarter. Horizon Investments LLC now owns 13,706 shares of the technology company’s stock worth $216,000 after purchasing an additional 650 shares during the last quarter. Columbia Asset Management increased its stake in shares of Hewlett Packard Enterprise by 2.0% during the third quarter. Columbia Asset Management now owns 35,040 shares of the technology company’s stock worth $499,000 after acquiring an additional 700 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Hewlett Packard Enterprise by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 82,000 shares of the technology company’s stock worth $1,293,000 after acquiring an additional 700 shares during the period. International Assets Investment Management LLC increased its stake in shares of Hewlett Packard Enterprise by 2.8% during the first quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock worth $499,000 after acquiring an additional 808 shares during the period. Finally, Spire Wealth Management grew its position in Hewlett Packard Enterprise by 14.9% during the fourth quarter. Spire Wealth Management now owns 6,302 shares of the technology company’s stock worth $99,000 after buying an additional 817 shares during the period. Institutional investors own 82.70% of the company’s stock.

Hewlett Packard Enterprise Company Profile (Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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