Hillenbrand (NYSE:HI) Downgraded to “Sell” at ValuEngine

Hillenbrand (NYSE:HI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

A number of other research firms have also issued reports on HI. DA Davidson began coverage on shares of Hillenbrand in a research note on Monday, May 20th. They issued a “neutral” rating and a $43.00 target price on the stock. Buckingham Research began coverage on shares of Hillenbrand in a research note on Thursday, May 16th. They issued a “buy” rating and a $53.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Hillenbrand currently has an average rating of “Buy” and a consensus price target of $54.60.

NYSE:HI traded down $5.00 during midday trading on Friday, reaching $33.87. The stock had a trading volume of 4,244,043 shares, compared to its average volume of 298,308. Hillenbrand has a 1-year low of $33.68 and a 1-year high of $53.41. The business has a fifty day moving average price of $38.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.92. The firm has a market capitalization of $2.46 billion, a PE ratio of 13.94 and a beta of 1.28.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, May 1st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Hillenbrand had a net margin of 8.17% and a return on equity of 20.21%. The business had revenue of $464.60 million for the quarter, compared to analyst estimates of $444.60 million. During the same period last year, the business posted $0.65 EPS. Hillenbrand’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Hillenbrand will post 2.48 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of HI. First Trust Advisors LP raised its position in Hillenbrand by 28.8% during the 4th quarter. First Trust Advisors LP now owns 37,455 shares of the company’s stock valued at $1,421,000 after purchasing an additional 8,384 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Hillenbrand by 3.5% in the 4th quarter. California Public Employees Retirement System now owns 134,162 shares of the company’s stock worth $5,089,000 after acquiring an additional 4,527 shares in the last quarter. Advisor Group Inc. raised its position in shares of Hillenbrand by 50.3% in the 4th quarter. Advisor Group Inc. now owns 2,804 shares of the company’s stock worth $106,000 after acquiring an additional 939 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Hillenbrand by 15.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,744 shares of the company’s stock worth $218,000 after acquiring an additional 769 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Hillenbrand by 7.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 84,680 shares of the company’s stock worth $2,963,000 after acquiring an additional 5,504 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

Featured Article: Dead Cat Bounce

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit