Helios Technologies (NYSE:HLIO – Get Free Report) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $110.00 to $90.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 80.61% from the company’s previous close.
Several other research analysts also recently issued reports on HLIO. KeyCorp lowered their price target on shares of Helios Technologies from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday. Robert W. Baird lowered Helios Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $65.00 in a research report on Friday. Weiss Ratings upgraded shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wall Street Zen lowered shares of Helios Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Helios Technologies has a consensus rating of “Moderate Buy” and an average price target of $76.25.
Get Our Latest Analysis on Helios Technologies
Helios Technologies Price Performance
Shares of HLIO traded up $2.39 during mid-day trading on Monday, reaching $49.83. The company had a trading volume of 2,025,916 shares, compared to its average volume of 370,800. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The company’s 50 day simple moving average is $68.27 and its 200 day simple moving average is $73.33. Helios Technologies has a 1-year low of $46.95 and a 1-year high of $95.05.
Helios Technologies (NYSE:HLIO – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $229.70 million during the quarter. Helios Technologies had a net margin of 8.74% and a return on equity of 11.61%. Helios Technologies’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Analysts expect that Helios Technologies will post 3.17 EPS for the current year.
Institutional Investors Weigh In On Helios Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Helios Technologies in the second quarter valued at approximately $231,414,000. Dimensional Fund Advisors LP lifted its position in shares of Helios Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,618,712 shares of the company’s stock worth $104,743,000 after purchasing an additional 6,347 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Helios Technologies in the 2nd quarter worth approximately $74,454,000. Jennison Associates LLC boosted its stake in shares of Helios Technologies by 30.1% in the 1st quarter. Jennison Associates LLC now owns 1,035,977 shares of the company’s stock valued at $67,038,000 after purchasing an additional 239,876 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Helios Technologies in the 2nd quarter valued at $36,693,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
Helios Technologies Company Profile
Helios Technologies, Inc is a global manufacturer of hydraulic and electronic control technologies. Its products are used by original equipment manufacturers in markets including mobile and industrial equipment, marine, and other specialty vehicles.
Through its hydraulics businesses, the company makes cartridge valves, hydraulic integrated circuits and manifolds, and quick-release couplings. Its electronic controls businesses provide technologies such as control systems, displays, instrumentation, and related products for vehicle and equipment applications.
Based in Sarasota, Florida, Helios serves customers internationally through its operating companies and distribution network.
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