Hillenbrand Inc (HI) Receives Consensus Rating of “Buy” from Analysts
Hillenbrand Inc (NYSE:HI) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 1 year consensus price objective of $46.00 for the company and are forecasting that the company will post $0.60 earnings per share for the current quarter, according to Zacks. Zacks has also given Hillenbrand an industry rank of 67 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on HI. Capital One Financial Corporation began coverage on Hillenbrand in a report on Monday, October 23rd. They issued an “equal weight” rating on the stock. Zacks Investment Research raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. FBR & Co reissued an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Finally, BidaskClub cut Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in Hillenbrand by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after purchasing an additional 35 shares in the last quarter. Atria Investments LLC lifted its holdings in Hillenbrand by 1.2% in the 2nd quarter. Atria Investments LLC now owns 7,644 shares of the company’s stock worth $276,000 after purchasing an additional 92 shares in the last quarter. Banced Corp lifted its holdings in Hillenbrand by 1.4% in the 2nd quarter. Banced Corp now owns 8,514 shares of the company’s stock worth $307,000 after purchasing an additional 115 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after purchasing an additional 230 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Hillenbrand by 9.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after acquiring an additional 255 shares during the last quarter. 75.62% of the stock is currently owned by institutional investors.
Hillenbrand (NYSE HI) remained flat at $$39.95 during mid-day trading on Friday. 207,954 shares of the stock traded hands, compared to its average volume of 312,591. Hillenbrand has a one year low of $29.05 and a one year high of $40.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.03 and a current ratio of 1.39. The stock has a market capitalization of $2,520.00, a PE ratio of 19.39 and a beta of 1.36.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The firm had revenue of $395.90 million for the quarter, compared to analysts’ expectations of $388.57 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. equities analysts predict that Hillenbrand will post 2.08 earnings per share for the current year.
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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.
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