B. Riley Analysts Give Hillenbrand Inc (HI) a $50.00 Price Target

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.

ILLEGAL ACTIVITY WARNING: “B. Riley Analysts Give Hillenbrand Inc (HI) a $50.00 Price Target” was published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/11/19/b-riley-analysts-give-hillenbrand-inc-hi-a-50-00-price-target.html.

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.

About Hillenbrand

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.

Receive News & Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply