Hill-Rom Holdings Inc (NYSE:HRC) had its price target boosted by stock analysts at Barclays PLC from $86.00 to $90.00 in a research note issued on Monday. The brokerage presently has an “overweight” rating on the medical technology company’s stock. Barclays PLC’s target price indicates a potential upside of 14.69% from the company’s current price.
Several other research analysts also recently weighed in on HRC. Zacks Investment Research downgraded Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Needham & Company LLC cut their price target on Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 28th. Cantor Fitzgerald set a $86.00 price target on Hill-Rom Holdings and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price target on shares of Hill-Rom Holdings in a research note on Sunday, July 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $88.57.
Shares of Hill-Rom Holdings (NYSE HRC) traded up $0.97 during trading on Monday, hitting $78.47. The stock had a trading volume of 502,591 shares, compared to its average volume of 485,651. The stock has a market capitalization of $5,104.44, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.61 and a beta of 1.19. The company has a current ratio of 1.77, a quick ratio of 1.34 and a debt-to-equity ratio of 1.55.
Hill-Rom Holdings (NYSE:HRC) last announced its earnings results on Friday, November 3rd. The medical technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.05. Hill-Rom Holdings had a return on equity of 20.27% and a net margin of 4.87%. The firm had revenue of $738.30 million during the quarter, compared to analyst estimates of $731.10 million. During the same period last year, the firm posted $1.18 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts expect that Hill-Rom Holdings will post 4.26 earnings per share for the current fiscal year.
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In other Hill-Rom Holdings news, SVP Andreas G. Frank sold 3,940 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $77.84, for a total value of $306,689.60. Following the completion of the transaction, the senior vice president now owns 16,701 shares in the company, valued at approximately $1,300,005.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Andreas G. Frank sold 6,870 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $77.48, for a total value of $532,287.60. Following the completion of the transaction, the senior vice president now owns 16,701 shares of the company’s stock, valued at approximately $1,293,993.48. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Hill-Rom Holdings by 3.1% in the 2nd quarter. BlackRock Inc. now owns 5,226,138 shares of the medical technology company’s stock worth $416,053,000 after purchasing an additional 159,074 shares during the period. State Street Corp boosted its stake in Hill-Rom Holdings by 2.7% in the 2nd quarter. State Street Corp now owns 1,681,107 shares of the medical technology company’s stock worth $133,831,000 after purchasing an additional 43,645 shares during the period. Bank of New York Mellon Corp boosted its stake in Hill-Rom Holdings by 53.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,235,608 shares of the medical technology company’s stock worth $98,367,000 after purchasing an additional 427,888 shares during the period. Koch Industries Inc. bought a new position in Hill-Rom Holdings in the 2nd quarter worth about $1,007,000. Finally, Bank of Montreal Can boosted its stake in Hill-Rom Holdings by 2.1% in the 2nd quarter. Bank of Montreal Can now owns 1,007,525 shares of the medical technology company’s stock worth $80,206,000 after purchasing an additional 20,495 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.
Hill-Rom Holdings Company Profile
Hill-Rom Holdings, Inc is a global medical technology company. The Company operates through four segments: North America Patient Support Systems, International Patient Support Systems, Front Line Care and Surgical Solutions. The Company’s products and services include Patient Support Systems, Front Line Care and Surgical Solutions.
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