Hollysys Automation Technologies, Ltd. (HOLI) Given Average Recommendation of “Hold” by Brokerages
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $19.65.
HOLI has been the subject of a number of recent analyst reports. TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a report on Thursday, August 10th. Deutsche Bank reissued a “buy” rating and issued a $25.00 target price (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. Zacks Investment Research raised Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Thursday, November 16th. J P Morgan Chase & Co raised Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 target price for the company in a research note on Tuesday, August 15th. Finally, Instinet reissued a “reduce” rating and issued a $12.31 target price on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th.
Large investors have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in Hollysys Automation Technologies by 67.4% in the third quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 2,957 shares during the period. Financial Counselors Inc. acquired a new position in Hollysys Automation Technologies in the third quarter valued at about $205,000. Edinburgh Partners Ltd grew its stake in Hollysys Automation Technologies by 22.0% in the second quarter. Edinburgh Partners Ltd now owns 18,300 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 3,300 shares during the period. BB&T Securities LLC acquired a new position in Hollysys Automation Technologies in the second quarter valued at about $308,000. Finally, Invictus RG acquired a new position in Hollysys Automation Technologies in the third quarter valued at about $357,000. 70.73% of the stock is owned by hedge funds and other institutional investors.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. equities analysts expect that Hollysys Automation Technologies will post 1.82 EPS for the current fiscal year.
The firm also recently announced an annual dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a yield of 0.56%. Hollysys Automation Technologies’s payout ratio is 10.53%.
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Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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