DA Davidson Reaffirms Neutral Rating for Hillenbrand (NYSE:HI)

Hillenbrand (NYSE:HI)‘s stock had its “neutral” rating restated by DA Davidson in a report issued on Friday,Benzinga reports. They presently have a $33.00 price objective on the stock. DA Davidson’s price target would suggest a potential upside of 0.70% from the company’s previous close.

A number of other analysts also recently issued reports on HI. StockNews.com downgraded Hillenbrand from a “hold” rating to a “sell” rating in a research report on Thursday. KeyCorp lowered their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Down 2.8 %

Hillenbrand stock opened at $32.77 on Friday. The firm has a 50 day moving average price of $28.01 and a 200-day moving average price of $36.12. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. Hillenbrand has a twelve month low of $25.11 and a twelve month high of $50.58. The company has a market capitalization of $2.30 billion, a P/E ratio of -10.96 and a beta of 1.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new stake in shares of Hillenbrand in the third quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the period. Kennebec Savings Bank bought a new stake in Hillenbrand during the 3rd quarter worth approximately $48,000. KBC Group NV lifted its stake in Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after purchasing an additional 551 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Hillenbrand in the 3rd quarter valued at $75,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.