Rating On Watch: Hewlett Packard (HPE) “Underweight” Rating Kept at Barclays; The Price Objective is $18.00

November 23, 2016 - By Clifton Ray

Rating On Watch: Hewlett Packard (HPE)

Hewlett Packard (HPE) Rating

In analysts note issued on today, Barclays reiterated their “Underweight” rating on Hewlett Packard (HPE)‘s stock. The target price per share would indicate a potential downside of -23.47% from firm’s current price.

Hewlett Packard Enterprise Co (NYSE:HPE) Ratings Coverage

Out of 7 analysts covering Hewlett Packard (HPE), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. $25 is the highest target while $20.0 is the lowest. The $23 average target is -2.13% below today’s ($23.5) stock price. Hewlett Packard has been the topic of 8 analyst reports since March 21, 2016 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Thursday, September 8 by Wells Fargo. Oppenheimer maintained Hewlett Packard Enterprise Co (NYSE:HPE) rating on Thursday, July 14. Oppenheimer has “Outperform” rating and $25 price target. Mizuho maintained it with “Neutral” rating and $20.0 target price in Thursday, September 8 report. CLSA initiated Hewlett Packard Enterprise Co (NYSE:HPE) on Friday, October 14 with “Underperform” rating. The stock has “Outperform” rating given by Raymond James on Friday, November 18. The firm has “Outperform” rating given on Monday, March 21 by Macquarie Research. Needham maintained it with “Buy” rating and $24.0 target price in Thursday, September 8 report. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) earned “Market Perform” rating by Raymond James on Wednesday, August 17.

About 15.87M shares traded hands or 32.91% up from the average. Hewlett Packard Enterprise Co (HPE) has risen 30.99% since April 21, 2016 and is uptrending. It has outperformed by 25.66% the S&P500.

Hewlett Packard Enterprise Company is a well-known provider of technology solutions. The company has a market cap of $38.73 billion. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. It has a 9.51 P/E ratio. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology .

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.”

HPE Company Profile

Hewlett Packard Enterprise Company, incorporated on February 25, 2015, is a well-known provider of technology solutions. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology (IT). The Software segment allows its clients to automate IT activities to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services segment brings all of its solutions together through its consulting and support professionals. The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others. The Company’s clients range from small and medium-sized businesses (SMBs) to large global enterprises.

More notable recent Hewlett Packard Enterprise Co (NYSE:HPE) news were published by: Wsj.com which released: “Hewlett Packard Enterprise Profit Sinks” on November 22, 2016, also Fool.com with their article: “Better Buy: Hewlett Packard Enterprise Co. vs. Cisco Systems Inc.” published on October 25, 2016, Fool.com published: “3 Reasons Hewlett-Packard Enterprise Co. Stock Is Still Cheap” on November 04, 2016. More interesting news about Hewlett Packard Enterprise Co (NYSE:HPE) were released by: Investorplace.com and their article: “Hewlett Packard Enterprise Co (HPE) Stock Is a Long-Term Survivor” published on November 10, 2016 as well as Zacks.com‘s news article titled: “Hewlett Packard Enterprise (HPE) Q4 Earnings: What’s Up?” with publication date: November 18, 2016.

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