Hillenbrand Inc (NYSE:HI)‘s stock had its “buy” rating reissued by analysts at B. Riley in a research note issued to investors on Friday, November 10th. They presently have a $50.00 price objective on the stock, up from their previous price objective of $46.00. B. Riley’s price objective indicates a potential upside of 18.06% from the company’s previous close. B. Riley also issued estimates for Hillenbrand’s Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.04 EPS and FY2018 earnings at $2.34 EPS.
Several other equities research analysts also recently commented on HI. Zacks Investment Research upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Capital One Financial Corporation initiated coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.00.
Hillenbrand (NYSE HI) opened at $42.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2,415.37, a P/E ratio of 18.25 and a beta of 1.36. Hillenbrand has a 1-year low of $33.55 and a 1-year high of $42.65.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $442.90 million during the quarter, compared to analysts’ expectations of $427.45 million. Hillenbrand had a net margin of 7.94% and a return on equity of 19.89%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. analysts anticipate that Hillenbrand will post 2.29 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Balyasny Asset Management LLC acquired a new position in shares of Hillenbrand during the 2nd quarter worth $206,000. Chicago Equity Partners LLC increased its stake in shares of Hillenbrand by 1,212.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock worth $3,675,000 after purchasing an additional 94,040 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Hillenbrand during the 2nd quarter worth $308,000. Schroder Investment Management Group increased its stake in shares of Hillenbrand by 6.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock worth $47,183,000 after purchasing an additional 77,200 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Hillenbrand by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock worth $4,463,000 after purchasing an additional 3,059 shares during the last quarter. Institutional investors own 76.11% of the company’s stock.
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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