Hewlett Packard Enterprise Got Some Good News

By Austin Angelo

In a report released yesterday, Kulbinder Garcha from Credit Suisse upgraded Hewlett Packard Enterprise (NYSE: HPE) to Buy, with a price target of $21. The company’s shares opened today at $18.87.

According to TipRanks.com, Garcha is a 5-star analyst with an average return of 8.2% and a 55.5% success rate. Garcha covers the Technology sector, focusing on stocks such as Lexmark International, Motorola Solutions, and Ubiquiti Networks.

Hewlett Packard Enterprise has an analyst consensus of Moderate Buy, with a price target consensus of $21.45.

Hewlett Packard Enterprise’s market cap is currently $31.25B and has a P/E ratio of 10.21. The company has a book value ratio of 0.9920.

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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.