Milacron Holdings Corp. (MCRN) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Milacron Holdings Corp. (NYSE:MCRN) have been assigned an average rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.67.

Several research firms recently weighed in on MCRN. BidaskClub lowered shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. TheStreet upgraded shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $23.00 price target on shares of Milacron Holdings Corp. in a research report on Wednesday, October 4th. Finally, KeyCorp restated a “buy” rating and set a $21.00 price target on shares of Milacron Holdings Corp. in a research report on Friday, October 20th.

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Shares of Milacron Holdings Corp. (NYSE MCRN) opened at $16.76 on Tuesday. Milacron Holdings Corp. has a one year low of $14.89 and a one year high of $19.57. The company has a quick ratio of 1.31, a current ratio of 2.39 and a debt-to-equity ratio of -5.41. The stock has a market cap of $1,170.36, a price-to-earnings ratio of 9.98, a PEG ratio of 1.23 and a beta of 0.97.

Milacron Holdings Corp. (NYSE:MCRN) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Milacron Holdings Corp. had a negative net margin of 0.09% and a negative return on equity of 56.93%. The firm had revenue of $314.70 million during the quarter, compared to analyst estimates of $301.13 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts expect that Milacron Holdings Corp. will post 1.62 earnings per share for the current year.

In related news, Director Waters S. Iv Davis sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.79, for a total value of $757,920.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ira G. Boots sold 101,064 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $18.25, for a total transaction of $1,844,418.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,364 shares of company stock worth $3,882,001. Insiders own 3.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Milacron Holdings Corp. by 9.4% during the third quarter. California State Teachers Retirement System now owns 87,067 shares of the industrial products company’s stock worth $1,468,000 after acquiring an additional 7,513 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Milacron Holdings Corp. by 71.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,809,215 shares of the industrial products company’s stock worth $30,503,000 after acquiring an additional 755,720 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Milacron Holdings Corp. by 172.0% during the third quarter. Dimensional Fund Advisors LP now owns 711,165 shares of the industrial products company’s stock worth $11,990,000 after acquiring an additional 449,708 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Milacron Holdings Corp. by 19.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 218,613 shares of the industrial products company’s stock worth $3,686,000 after acquiring an additional 35,656 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Milacron Holdings Corp. by 78.9% during the third quarter. Wells Fargo & Company MN now owns 3,408,106 shares of the industrial products company’s stock worth $57,461,000 after acquiring an additional 1,503,316 shares in the last quarter. 91.42% of the stock is currently owned by hedge funds and other institutional investors.

Milacron Holdings Corp. Company Profile

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

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