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Is HPE Trading at a Discount to Price Targets?

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Feb. 16 2018, Updated 7:32 a.m. ET

Historical returns

Hewlett Packard Enterprise (HPE) has generated a return of 10% in the trailing-12-month period, -2.2% in the last month, and -1.7% in the trailing-five-day period. The stock rose over 50% in 2016 and 8.5% in 2017, and it’s risen 7.7% since the start of 2018. Peer companies Juniper (JNPR), IBM (IBM), Cisco (CSCO), and NetApp (NTAP) generated returns of 2.3%, -4%, 31%, and 60%, respectively, in 2017.

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Analyst recommendations

Of the 27 analysts tracking HPE, eight have given the stock “buy” recommendations, and 17 have recommended “holds.” Two analysts have recommended a “sell” on the stock. Analysts’ price target for HPE stock is $15.52 with a median target estimate of $15. NetApp is now trading at a premium of 3% to analysts’ median estimate.

Moving averages

HPE closed the trading day at $15.47. Based on that price, the stock’s moving averages are as follows:

  • 5.2% above its 100-day moving average of $14.71
  • 1.3% above its 50-day moving average of $15.27
  • 4.1% below its 20-day moving average of $16.13

RSI and MACD

HPE’s 14-day MACD (moving average convergence divergence) is 0.22. A stock’s MACD is the difference between its short-term and long-term moving averages. HPE’s positive MACD indicates an upward trading pattern.

HPE has a 14-day RSI (relative strength index) score of 37, which shows that the stock is trading close to oversold territory. If an RSI is above 70, it indicates that a stock has been overbought. An RSI figure of below 30 suggests that a stock has been oversold.

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