Susquehanna: “Time To Negati


How Susquehanna Currently Rates Hewlett Packard Enterprise (NYSE:HPE)

Analysts at Susquehanna have begun coverage for shares of Hewlett Packard Enterprise (NYSE:HPE) in an analyst research report issued to investors and clients on Tuesday, 8 December. The firm set a Negative rating on the $28.90 billion market cap firm.

From a total of 21 analysts covering Hewlett Packard Enterprise (NYSE:HPE) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 18 a ”Hold”. This means that 17% 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 $16.36 with a 1.45% above today’s ($15.17) stock price. Hewlett Packard Enterprise was the topic of 19 analyst reports since November 3, 2015 according to the firm StockzIntelligence Inc. Susquehanna initiated shares on December 8 with “Negative” rating. Robert W. Baird initiated shares with “Neutral” rating and $15 target share price in a report from a November 20. FBN Securities initiated HPE stock in a recent report from November 25 with “Outperform” rating. Morgan Stanley initiated the rating on November 11. Morgan Stanley has a “Equal-Weight” rating and a $16 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 23.

The stock decreased 1.81% or $0.28 during the last trading session, striking $15.17. Approximately shares of stock traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.

Susquehanna: “Time To Negative Hewlett Packard Enterprise (NYSE:HPE)”

Hewlett Packard Enterprise Company is engaged in offering information technology (IT) and enterprise services solutions. The company has a market cap of $28.90 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 17.9 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).