With 10.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.61 million shares. The 52-week range on HPE shows that it touched its highest point at $24.66 and its lowest point at $14.47 during that stretch. It currently has a 1-year price target of $24.27. With its current market cap of 26.75 billion, HPE has annualized dividend of $0.52 while the current yield stands at 2.55%. Beta for the stock currently stands at 1.22.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HPE was down-trending over the past week, with a drop of -6.77%, but this was down by -11.24% over a month. Three-month performance dropped to -6.30% while six-month performance rose 6.04%. The stock gained 34.81% in the past year, while it has lost -4.59% so far this year. A look at the trailing 12-month EPS for HPE yields 1.89 with Next year EPS estimates of 2.28. For the next quarter, that number is 0.50. This implies an EPS growth rate of 6.93% for this year and 7.30% for next year. EPS is expected to grow by 6.66% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.99%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HPE since 13 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.98024 being high and $1.95009 being low. For HPE, this leads to a yearly average estimate of $1.96014. Based on analyst estimates, the high estimate for the next quarter is $0.53 and the low estimate is $0.46. The average estimate for the next quarter is thus $0.5.
