Capital One Financial Corporation Begins Coverage on Hillenbrand Inc (HI)
Research analysts at Capital One Financial Corporation began coverage on shares of Hillenbrand Inc (NYSE:HI) in a report issued on Monday. The firm set an “equal weight” rating on the stock.
HI has been the topic of several other reports. Zacks Investment Research downgraded Hillenbrand from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BidaskClub downgraded Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold”.
Hillenbrand (NYSE HI) opened at 39.40 on Monday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 20.41 and a beta of 1.26. Hillenbrand has a 1-year low of $28.60 and a 1-year high of $39.67. The firm has a 50-day moving average price of $37.89 and a 200 day moving average price of $36.69.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $395.90 million for the quarter, compared to the consensus estimate of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities analysts predict that Hillenbrand will post $2.07 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/23/capital-one-financial-corporation-begins-coverage-on-hillenbrand-inc-hi.html.
Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Hillenbrand by 9.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $107,000 after purchasing an additional 255 shares during the period. Strs Ohio lifted its stake in shares of Hillenbrand by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after purchasing an additional 268 shares during the period. IFP Advisors Inc lifted its stake in shares of Hillenbrand by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after purchasing an additional 35 shares during the period. Finally, Acrospire Investment Management LLC lifted its stake in shares of Hillenbrand by 164.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock valued at $134,000 after purchasing an additional 2,300 shares during the period. 76.00% of the stock is currently owned by institutional investors.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
Receive News & Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related companies with MarketBeat.com's FREE daily email newsletter.