Sun Hydraulics (NASDAQ:SNHY) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Marketbeat.com reports. The firm presently has a $69.00 price target on the industrial products company’s stock. Sidoti’s price objective suggests a potential upside of 24.95% from the stock’s current price.
Other research analysts have also issued reports about the company. SunTrust Banks started coverage on Sun Hydraulics in a report on Monday, February 5th. They set a “buy” rating for the company. BidaskClub lowered Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating and set a $61.00 price target for the company. in a report on Friday. Finally, KeyCorp started coverage on Sun Hydraulics in a report on Monday, February 5th. They set an “overweight” rating and a $67.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Sun Hydraulics currently has a consensus rating of “Hold” and an average target price of $63.50.
Shares of Sun Hydraulics (NASDAQ SNHY) traded up $0.75 during mid-day trading on Tuesday, hitting $55.22. The stock had a trading volume of 348,377 shares, compared to its average volume of 298,773. Sun Hydraulics has a one year low of $34.17 and a one year high of $70.83. The firm has a market capitalization of $1,666.40, a price-to-earnings ratio of 46.40 and a beta of 1.68. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.
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About Sun Hydraulics
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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