Hillenbrand (NYSE:HI) Upgraded to “Buy” at StockNews.com

Hillenbrand (NYSE:HI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued research reports about the company. DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. KeyCorp cut their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th.

Hillenbrand Stock Up 2.3 %

Hillenbrand stock opened at $30.74 on Thursday. Hillenbrand has a twelve month low of $25.11 and a twelve month high of $50.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The firm has a market cap of $2.16 billion, a PE ratio of -10.28 and a beta of 1.43. The firm’s 50 day moving average price is $31.06 and its two-hundred day moving average price is $33.75.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same period in the prior year, the business posted $1.13 earnings per share. Hillenbrand’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, research analysts predict that Hillenbrand will post 3.2 EPS for the current fiscal year.

Institutional Trading of Hillenbrand

Several large investors have recently modified their holdings of HI. Matrix Trust Co bought a new stake in Hillenbrand during the third quarter valued at about $25,000. Kennebec Savings Bank acquired a new stake in Hillenbrand in the 3rd quarter valued at approximately $48,000. KBC Group NV increased its position in Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after buying an additional 551 shares during the period. nVerses Capital LLC acquired a new position in shares of Hillenbrand during the third quarter worth approximately $75,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hillenbrand in the third quarter valued at approximately $120,000. 89.09% of the stock is owned by institutional investors.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.