Stock Jumping Abnormally High: Hewlett Packard Enterprise Company (NYSE:HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) belonging to the Computer and Technology sector has declined -6.89% and closed its last trading session at $22.96.

The company reported its EPS on 02/23/2017. Currently, the stock has a 1 Year Price Target of $24.8.

The consensus recommendation, according to Zacks Investment research, is 2.48. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2.36 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.39 and 2.38 respectively.

Hewlett Packard Enterprise Company on 02/23/2017 reported its EPS as $0.45 with the analysts projecting the EPS of the stock as $0.44. The company beat the analyst EPS Estimate with the difference of $0.01. This shows a surprise factor of 2.3%.

Many analysts have provided their estimated foresights on Hewlett Packard Enterprise Company Earnings, with 22 analysts believing the company would generate an Average Estimate of $0.47. Whereas they predicted High and Low Earnings Estimate as $0.5 and $0.44 respectively. While in the same Quarter Previous year, the Actual EPS was $0.42.

Analysts are also projecting an Average Revenue Estimate for Hewlett Packard Enterprise Company as $12.08 Billion in the Current Quarter. This estimate is provided by 20 analysts. The High Revenue estimate is predicted as 12.51 Billion, while the Low Revenue Estimate prediction stands at 11.76 Billion. The company’s last year sales total was 12.71 Billion.

The Company got Downgrade by Needham on 24-Feb-17 from Buy to Hold.

Insider Trades for Hewlett Packard Enterprise Company show that the latest trade was made on 18 Dec 2016 where Ricci Jeff T, the Officer completed a transaction type “Sell” in which 4999 shares were traded at a price of $23.46.

22 analysts projected Price Targets for Hewlett Packard Enterprise Company. The analysts believe that the company stock price could grow as high as $28. The Low Price target projection by analysts is $18 and the Mean Price Target is $24.8.

Hewlett Packard Enterprise Company (NYSE:HPE) has the market capitalization of $38.11 Billion. The company rocked its 52-Week High of $24.88 on Feb 22, 2017 and touched its 52-Week Low of $13.09 on Mar 1, 2016. The stock has Return on Assets (ROA) of 4 percent. Return on Equity (ROE) stands at 10% and Return on Investment (ROI) of 6.8 percent.

The stock is currently showing YTD performance of -0.78 Percent. The company has Beta Value of 0 and ATR value of 0.54. The Weekly and Monthly Volatility stands at 1.92% and 1.86%.

Company profile:

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.