Robert W. Baird Sticks to Its Hold Rating for Hewlett Packard Enterprise

By Jason Carr

Robert W. Baird analyst Jayson Noland reiterated a Hold rating on Hewlett Packard Enterprise (NYSE: HPE) today. The company’s shares closed yesterday at $18.81.

According to TipRanks.com, Noland is a 3-star analyst with an average return of 2.9% and a 44.3% success rate. Noland covers the Technology sector, focusing on stocks such as Riverbed Technology, Palo Alto Networks, and Barracuda Networks.

Currently, the analyst consensus on Hewlett Packard Enterprise is Moderate Buy and the average price target is $20.33, representing an 8.1% upside.

In a report issued on May 22, RBC Capital also reiterated a Hold rating on the stock with a $20 price target.

Hewlett Packard Enterprise’s market cap is currently $31.28B and has a P/E ratio of 10.22. The company has a book value ratio of 0.9930.

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Hewlett Packard Enterprise Co. is the provider of technology solutions customers need to optimize traditional information technology while helping them build the secure, cloud-enabled, mobile-ready future that is suited to needs. It offers servers, storage, networking, converged systems, software and services, combined with its financing solutions. The company operates through the following segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides technology infrastructure. The Software segment automate information technology operations to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services provides consulting and support professionals to deliver superior, comprehensive results. The Financial Services segment provides financial architectures and investment solutions for its customers. The Corporate Investments segment includes its Labs and certain business incubation projects, among others. Hewlett Packard Enterprise was founded on November 1, 2015 and is headquartered in Palo Alto, CA.