Hewlett Packard Enterprise Co (NYSE: HPE) stock closed at $17.15 on 3/4/24 after a major increase of 10.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 335% of normal. The stock has risen 13.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
HPE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Hewlett Packard Enterprise has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hewlett Packard Enterprise has a good Appreciation Score of 78 but a slightly negative Power Rating of 35, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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