In a report released today, Matthew Sheerin from Stifel Nicolaus maintained a Buy rating on Hewlett Packard Enterprise (HPE – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $16.14.
According to TipRanks, Sheerin is a 5-star analyst with an average return of 15.7% and a 70.19% success rate. Sheerin covers the Technology sector, focusing on stocks such as Insight Enterprises, Celestica, and Jabil.
Hewlett Packard Enterprise has an analyst consensus of Moderate Buy, with a price target consensus of $18.08, representing a 12.02% upside. In a report released on January 8, Wells Fargo also maintained a Buy rating on the stock with a $21.00 price target.
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Based on Hewlett Packard Enterprise’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $6.86 billion and a net profit of $551 million. In comparison, last year the company earned a revenue of $6.95 billion and had a net profit of $409 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPE in relation to earlier this year.
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Hewlett Packard Enterprise (HPE) Company Description:
Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides a broad portfolio of services-led and software-enabled infrastructure and solutions. The Intelligent Edge segment comprises of enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. The Financial Services segment offers investment solutions, such as leasing, financing, information technology consumption, utility programs and asset management services. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects. The company was founded in 1939 and is headquartered in San Jose, CA.
Read More on HPE:
- BofA sees ‘some merits’ to HP Enterprise buying Juniper
- Deutsche Bank sees merits of HP Enterprise acquiring Juniper
- M & A: HPE Nears $13B Acquisition of Juniper Networks
- HP Enterprise in talks to acquire Juniper for about $13B, WSJ reports
- HP Enterprise price target raised to $22 from $19 at JPMorgan
