Hewlett Packard Enterprise Company (HPE) Downgraded by Citigroup Inc

Cornelia Mascio
Ottobre 13, 2017

Hewlett Packard Enterprise Company (HPE) knifed -0.94 percent lower and now trades for $14.8.

Several other equities research analysts have also commented on HPE. A rating of 4 or 5 would represent a Sell recommendation.

A total of 23 brokerages have issued a ratings update on Hewlett Packard Enterprise. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $20.11. The forecast of 3 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Finally, Maxim Group restated a hold rating and set a $14.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. A 10 analysts rate it as either a buy or a strong buy, while 2 believe that investors should either steer clear of (NYSE:HPE) or, if they already own its stock, sell it. They presently have a $15.00 target price on the technology company's stock.

Putting shares of Hewlett-Packard Company (HPQ) at the forefront, let's drill down into some key metrics. The lowest price the stock reached in the last trading day was $14.85 and compares with the $12.97 52-week low. The firm has a market cap of $31.18 billion, a P/E ratio of 10.20 and a beta of 3.05.

Matador Resources Company (NYSE:MTDR), stock is trading $28.51 above the 52-week high and has displayed a high EPS growth of -40.70% in last 5 years.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, September 5th.

Matador Resources Company (NYSE:MTDR) ended its day at $25.84 with the rising stream of -0.62% and its total traded volume was 1.18 million shares less than the average volume. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 14.21%. Revenue during the quarter was $8.21 billion, representing -33% growth from $12.21 billion in year-ago quarter. During the same period in the prior year, the firm earned $0.49 EPS. The firm's revenue was up 2.5% compared to the same quarter previous year.

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In related news, EVP Michael G. Nefkens sold 831,311 shares of the stock in a transaction dated Friday, March 10th. Following the completion of the transaction, the executive vice president now directly owns 15,333 shares of the company's stock, valued at approximately $270,934.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The latest exchange of 8.33 Million shares is above its average trading activity of 13.74 Million shares. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 0.95%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Achmea Investment Management B.V. boosted its holdings in Hewlett Packard Enterprise by 7.1% in the 2nd quarter. Toronto Dominion Bank now owns 566,943 shares of the technology company's stock valued at $9,404,000 after acquiring an additional 114,500 shares during the last quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company's stock worth $108,000 after acquiring an additional 200 shares during the period. Archford Capital Strategies LLC now owns 7,585 shares of the technology company's stock valued at $101,000 after acquiring an additional 7,476 shares during the last quarter. Shares of LEN have uptrended 3.74% in the past three months, while the S&P 500 has moved 0.65% in that time.

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