Hillenbrand (NYSE:HI) Downgraded to “Sell” at ValuEngine

Hillenbrand (NYSE:HI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, ValuEngine reports.

Several other analysts also recently weighed in on the company. Buckingham Research began coverage on Hillenbrand in a research note on Thursday, May 16th. They set a “buy” rating and a $53.00 price target on the stock. DA Davidson began coverage on Hillenbrand in a research note on Monday, May 20th. They issued a “neutral” rating and a $43.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.60.

Hillenbrand stock traded down $5.00 during trading hours on Friday, hitting $33.87. 4,244,043 shares of the stock traded hands, compared to its average volume of 298,308. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.92. The firm’s 50 day moving average price is $38.58. The firm has a market capitalization of $2.46 billion, a PE ratio of 13.94 and a beta of 1.28. Hillenbrand has a 1 year low of $33.68 and a 1 year high of $53.41.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $464.60 million for the quarter, compared to the consensus estimate of $444.60 million. Hillenbrand had a return on equity of 20.21% and a net margin of 8.17%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Sell-side analysts expect that Hillenbrand will post 2.48 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of HI. Zions Bancorporation N.A. acquired a new position in Hillenbrand in the 1st quarter worth about $41,000. Pearl River Capital LLC raised its holdings in Hillenbrand by 175.6% in the 1st quarter. Pearl River Capital LLC now owns 1,086 shares of the company’s stock worth $46,000 after purchasing an additional 692 shares during the period. NumerixS Investment Technologies Inc raised its holdings in Hillenbrand by 2,500.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,600 shares of the company’s stock worth $108,000 after purchasing an additional 2,500 shares during the period. Advisor Group Inc. raised its holdings in Hillenbrand by 50.3% in the 4th quarter. Advisor Group Inc. now owns 2,804 shares of the company’s stock worth $106,000 after purchasing an additional 939 shares during the period. Finally, Valley National Advisers Inc. acquired a new position in Hillenbrand in the 4th quarter worth about $111,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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