Share Price Update After Hewlett Packard Enterprise Company (HPE) Reports

By Harris Dyer • Friday, March 10 16:25 • Permanent Link

HPE investors were likely spooked this aftermarket by Barrons's report: "Dell Is Tech's Cheapest Stock. It Looks Like a Buy. ..." For more coverage, read the full article here. On the back of this news, Hewlett Packard Enterprise Company sank -2.24% to a price of $14.38. Are the markets overreacting?

The Hewlett Packard Enterprise Company (HPE) is an American multinational enterprise information technology company based in Houston, Texas, United States. The company belongs to the Telecommunications sector, which has an average price to earnings (P/E) ratio of 18.85 and an average price to book (P/B) ratio of 3.12. In contrast, Hewlett Packard Enterprise Company has a trailing 12 month P/E ratio of 22.12 and a P/B ratio of 1.017.

Hewlett Packard Enterprise Company has moved -7.84% over the last year compared to -6.8% for the S&P 500 -- a difference of -1.04%. Hewlett Packard Enterprise Company has a 52 week high of $17.25 and a 52 week low of $11.81. At today's price of $14.38 per share, Hewlett Packard Enterprise Company is -16.35% away from its target price of $17.19, and on average, analysts give the stock a rating of buy. 2% of the company's shares are linked to short positions, and 85% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.