Hillenbrand (NYSE:HI) Price Target Cut to $40.00 by Analysts at KeyCorp

Hillenbrand (NYSE:HI) had its price target reduced by analysts at KeyCorp from $45.00 to $40.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 32.58% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 6th. DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Hillenbrand Stock Down 1.7 %

Hillenbrand stock opened at $30.17 on Thursday. Hillenbrand has a one year low of $25.11 and a one year high of $50.58. The stock has a fifty day moving average of $27.87 and a 200 day moving average of $36.26. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The stock has a market cap of $2.12 billion, a PE ratio of -10.26 and a beta of 1.38.

Institutional Trading of Hillenbrand

Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in Hillenbrand by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after buying an additional 535 shares in the last quarter. Swiss National Bank raised its stake in Hillenbrand by 0.4% during the 1st quarter. Swiss National Bank now owns 138,359 shares of the company’s stock valued at $6,958,000 after purchasing an additional 600 shares during the period. QRG Capital Management Inc. lifted its holdings in Hillenbrand by 9.4% in the 1st quarter. QRG Capital Management Inc. now owns 8,281 shares of the company’s stock worth $416,000 after purchasing an additional 712 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Hillenbrand by 30.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company’s stock valued at $1,220,000 after buying an additional 5,940 shares in the last quarter. Finally, Chesapeake Capital Corp IL purchased a new stake in Hillenbrand during the 1st quarter valued at approximately $566,000. 89.09% of the stock is currently owned by institutional investors.

About Hillenbrand

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.