Hillenbrand Hits New 12-Month High at $33.25 (HI)
Hillenbrand (NYSE:HI)’s share price hit a new 52-week high on Tuesday , Stock Ratings Network reports. The company traded as high as $33.25 and last traded at $33.15, with a volume of 105,320 shares traded. The stock had previously closed at $32.62.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $106.00 price target on the stock. They noted that the move was a valuation call. Analysts at Ned Davis Research upgraded shares of Hillenbrand from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Hillenbrand currently has a consensus rating of “Buy” and a consensus target price of $106.00.
The stock has a 50-day moving average of $30.82 and a 200-day moving average of $30.10. The company has a market cap of $2.074 billion and a P/E ratio of 23.12.
Hillenbrand (NYSE:HI) last released its earnings data on Monday, May 5th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.01. The company had revenue of $397.00 million for the quarter, compared to the consensus estimate of $418.72 million. During the same quarter last year, the company posted $0.49 earnings per share. Hillenbrand’s revenue was down .4% compared to the same quarter last year. On average, analysts predict that Hillenbrand will post $2.06 earnings per share for the current fiscal year.
Hillenbrand, Inc (NYSE:HI) is a global diversified industrial company that makes and sells business-to-business products and services for a wide variety of industries.
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