KeyCorp Has Lowered Expectations for Hillenbrand (NYSE:HI) Stock Price

Hillenbrand (NYSE:HI) had its target price lowered by research analysts at KeyCorp from $45.00 to $40.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 22.14% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 6th. DA Davidson lowered Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the company from $54.00 to $33.00 in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hillenbrand currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Price Performance

Shares of Hillenbrand stock opened at $32.75 on Thursday. The business has a 50 day moving average of $27.94 and a 200 day moving average of $36.24. Hillenbrand has a 52 week low of $25.11 and a 52 week high of $50.58. The company has a market cap of $2.30 billion, a PE ratio of -10.95 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44.

Hedge Funds Weigh In On Hillenbrand

Several institutional investors and hedge funds have recently modified their holdings of HI. GAMMA Investing LLC raised its holdings in Hillenbrand by 58.2% in 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 last quarter. Matrix Trust Co purchased a new stake in shares of Hillenbrand during the third quarter valued at $25,000. Kennebec Savings Bank bought a new stake in Hillenbrand in the 3rd quarter worth about $48,000. Summit Securities Group LLC purchased a new position in Hillenbrand in the 2nd quarter worth about $90,000. Finally, KBC Group NV lifted its stake in Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after acquiring an additional 551 shares during the period. 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.