Nomura Remains a Hold on Hewlett Packard Enterprise (HPE)
Nomura analyst Jeff Kvaal maintained a Hold rating on Hewlett Packard Enterprise (HPE) on January 31 and set a price target of $17.00. The company’s shares closed last Monday at $13.93.
According to TipRanks.com, Kvaal is a 4-star analyst with an average return of 6.7% and a 55.8% success rate. Kvaal covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Dell Technologies, and Juniper Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for Hewlett Packard Enterprise with a $17.23 average price target, representing a 20.4% upside. In a report issued on January 17, Morgan Stanley also downgraded the stock to Hold with a $18.00 price target.
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Based on Hewlett Packard Enterprise’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $7.15 billion and net profit of $480 million. In comparison, last year the company earned revenue of $7.47 billion and had a net profit of $177 million.
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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: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments.