Hillenbrand, Inc. (NYSE:HI) Receives $48.00 Average Price Target from Analysts

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Hillenbrand, Inc. (NYSE:HI) has received an average rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $48.00.

A number of research analysts recently weighed in on the stock. TheStreet lowered shares of Hillenbrand from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. ValuEngine lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Buckingham Research assumed coverage on shares of Hillenbrand in a research note on Thursday, May 16th. They issued a “buy” rating and a $53.00 price target on the stock. Zacks Investment Research lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, DA Davidson raised shares of Hillenbrand from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Monday, July 15th.

A number of institutional investors have recently modified their holdings of HI. Zions Bancorporation N.A. purchased a new position in Hillenbrand in the 1st quarter worth approximately $41,000. SG Americas Securities LLC lifted its stake in Hillenbrand by 132.9% in the 1st quarter. SG Americas Securities LLC now owns 31,311 shares of the company’s stock worth $1,300,000 after purchasing an additional 17,866 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Hillenbrand by 21.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 155,800 shares of the company’s stock worth $7,938,000 after purchasing an additional 27,400 shares in the last quarter. Financial Counselors Inc. lifted its stake in Hillenbrand by 8.3% in the 1st quarter. Financial Counselors Inc. now owns 103,284 shares of the company’s stock worth $4,289,000 after purchasing an additional 7,950 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Hillenbrand by 1,412.7% in the 1st quarter. Acadian Asset Management LLC now owns 12,419 shares of the company’s stock worth $516,000 after purchasing an additional 11,598 shares in the last quarter. 77.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HI stock traded up $0.72 during mid-day trading on Tuesday, hitting $27.72. 1,149,300 shares of the stock were exchanged, compared to its average volume of 800,831. The firm has a fifty day moving average of $34.36 and a 200 day moving average of $39.67. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Hillenbrand has a 52-week low of $26.73 and a 52-week high of $53.41. The company has a market cap of $1.69 billion, a PE ratio of 11.41 and a beta of 1.25.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.04). The company had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $456.63 million. Hillenbrand had a net margin of 7.86% and a return on equity of 19.57%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. Equities analysts predict that Hillenbrand will post 2.41 EPS for the current year.

About Hillenbrand

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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