Robert W. Baird analyst Jayson Noland maintained a Hold rating on Hewlett Packard Enterprise (NYSE: HPE) today and set a price target of $20. The company’s shares closed yesterday at $17.41.
Noland observed:
“We view the adjustments new CEO Neri has made as positive but continue to expect structural changes in the industry to limit upside to the model and valuation.”
According to TipRanks.com, Noland is a 5-star analyst with an average return of 17.3% and a 63.2% success rate. Noland covers the Consumer Goods sector, focusing on stocks such as Palo Alto Networks, Juniper Networks, and Pure Storage Inc.
Currently, the analyst consensus on Hewlett Packard Enterprise is Moderate Buy and the average price target is $20.75, representing a 19.2% upside.
In a report released yesterday, BMO Capital also assigned a Hold rating to the stock with a $19 price target.
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The company has a one-year high of $19.48 and a one-year low of $12.82. Currently, Hewlett Packard Enterprise has an average volume of 12.18M.
Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.
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Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Enterprise Group, Financial Services, and Corporate Investments.
