DA Davidson Reaffirms Neutral Rating for Hillenbrand (NYSE:HI)

Hillenbrand (NYSE:HI)‘s stock had its “neutral” rating restated by stock analysts at DA Davidson in a research note issued on Friday,Benzinga reports. They currently have a $33.00 target price on the stock. DA Davidson’s price target would indicate a potential upside of 0.70% from the company’s previous close.

Other research analysts also recently issued reports about the company. KeyCorp dropped their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.67.

Hillenbrand Stock Down 2.8 %

HI stock opened at $32.77 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of -10.96 and a beta of 1.38. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $28.01 and a 200-day moving average price of $36.12. Hillenbrand has a 12 month low of $25.11 and a 12 month high of $50.58.

Hedge Funds Weigh In On Hillenbrand

Several large investors have recently bought and sold shares of the stock. Matrix Trust Co purchased a new stake in Hillenbrand in the 3rd quarter valued at about $25,000. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Hillenbrand during the third quarter valued at approximately $48,000. KBC Group NV lifted its holdings in Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after acquiring an additional 551 shares during the period. Finally, nVerses Capital LLC bought a new stake in Hillenbrand during the third quarter worth $75,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Company Profile

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.