Hillenbrand (NYSE:HI) Rating Increased to Buy at StockNews.com

Hillenbrand (NYSE:HI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other brokerages have also issued reports on HI. KeyCorp lowered their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. DA Davidson reissued a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $44.67.

Hillenbrand Stock Down 2.2 %

HI stock traded down $0.69 during midday trading on Tuesday, hitting $30.81. The company’s stock had a trading volume of 478,158 shares, compared to its average volume of 395,684. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand has a twelve month low of $25.11 and a twelve month high of $50.58. The company’s fifty day moving average price is $30.61 and its 200 day moving average price is $34.37. The stock has a market capitalization of $2.16 billion, a P/E ratio of -10.30 and a beta of 1.43.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The firm had revenue of $837.60 million for the quarter, compared to analyst estimates of $793.38 million. During the same period in the previous year, the business earned $1.13 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts predict that Hillenbrand will post 3.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HI. Wilmington Savings Fund Society FSB bought a new stake in shares of Hillenbrand during the 3rd quarter worth about $17,178,000. SkyView Investment Advisors LLC boosted its holdings in shares of Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock worth $570,000 after buying an additional 891 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hillenbrand by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after buying an additional 6,682 shares during the period. Barclays PLC boosted its holdings in shares of Hillenbrand by 17.9% during the 3rd quarter. Barclays PLC now owns 318,078 shares of the company’s stock worth $8,841,000 after buying an additional 48,230 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Hillenbrand during the 3rd quarter worth about $223,000. Institutional investors own 89.09% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.