Hewlett Packard Enterprise (NYSE:HPE) Has Just Been Upgraded by Credit Suisse to a “Outperform” Rating


Hewlett Packard Enterprise (NYSE:HPE) Stock Upgrade

Trading for shares of Hewlett Packard Enterprise (NYSE:HPE) should be followed closely this week, as Credit Suisse raised shares to a “Outperform” from a “Neutral”. Additionally analysts have announced a new Estimated Target Price of $21.00 which is 46.44% higher.

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 11.31% above today’s ($14.24) stock price. Hewlett Packard Enterprise was the topic of 20 analyst reports since November 3, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets initiated shares on December 11 with “Outperform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $15 target share price in a report from a November 23. Argus Research initiated HPE stock in a recent report from December 3 with “Buy” rating. Robert W. Baird initiated the rating on November 20. Robert W. Baird has a “Neutral” rating and a $15 price target on shares. Finally, Maxim Group initiated the stock with “Hold” rating in a report issued on a November 23.

Approximately 1.09 million shares of stock traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 6.00% since November 14, 2015 and is uptrending. It has outperformed by 10.42% 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 $26.51 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 16.8 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.”