B. Riley set a $50.00 price objective on Hillenbrand Inc (NYSE:HI) in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock. 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.
Other analysts have also recently issued reports about the company. Capital One Financial Corporation started coverage on Hillenbrand in a research report on Monday, October 23rd. They issued an equal weight rating on the stock. Zacks Investment Research raised Hillenbrand from a sell rating to a hold rating in a research report on Friday, September 22nd. Finally, BidaskClub cut Hillenbrand from a sell rating to a strong sell rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $50.00.
Hillenbrand (HI) traded up $0.85 during trading on Thursday, reaching $43.20. The company’s stock had a trading volume of 426,468 shares, compared to its average volume of 263,643. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.16. The company has a market cap of $2,722.59, a PE ratio of 20.57 and a beta of 1.36. Hillenbrand has a fifty-two week low of $33.55 and a fifty-two week high of $43.90.
Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The firm had revenue of $442.90 million for the quarter, compared to analysts’ expectations of $427.45 million. During the same period in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts forecast that Hillenbrand will post 2.24 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio raised its holdings in Hillenbrand by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hillenbrand by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after buying an additional 268 shares during the last quarter. IFP Advisors Inc raised its stake in Hillenbrand by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after buying an additional 35 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Hillenbrand by 164.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock valued at $134,000 after buying an additional 2,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Hillenbrand by 6.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after buying an additional 230 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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