Why Has Argus Given Hewlett Packard Enterprise (NYSE:HPE) a $19 Price Target
The brokerage firm Argus has today have started coverage on Hewlett Packard Enterprise (NYSE:HPE) shares, with a Buy rating, while setting the target at $19.
From a total of 20 analysts covering Hewlett Packard Enterprise (NYSE:HPE) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 17 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $23 while the lowest target price is $13. The mean of all analyst targets is $16.43 with a 0.74% above today’s ($14.83) stock price. Hewlett Packard Enterprise was the topic of 17 analyst reports since November 3, 2015 according to the firm StockzIntelligence Inc. FBN Securities initiated shares on November 25 with “Outperform” rating. Morgan Stanley initiated shares with “Equal-Weight” rating and $16 target share price in a report from a November 11. RBC Capital Markets maintained HPE stock in a recent report from November 23 with “Sector Perform” rating. Barclays Capital initiated the rating on November 4. Barclays Capital has a “Underweight” rating and a $13 price target on shares. Finally, Raymond James initiated the stock with “Mkt Perform” rating in a report issued on a November 18.
Approximately 9.01M shares of stock traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.29% the S&P500.
Hewlett Packard Enterprise Company is engaged in offering information technology (IT) and enterprise services solutions. The company has a market cap of $28.00 billion. The Firm focuses on technology solutions, which enables the clients to build cloud-enabled, mobile-ready solutions that is suited to their needs. It has 17.49 P/E ratio. The Company’s portfolio includes enterprise services, software and financial services businesses.
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.” Get a free copy of the Zacks research report on Hewlett Packard Enterprise Co (HPE).