Helios Technologies (NYSE:HLIO – Get Free Report) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $65.00 price objective on the stock, down from their prior price objective of $90.00. Robert W. Baird‘s price target would suggest a potential upside of 7.95% from the company’s previous close.
A number of other research analysts also recently commented on the stock. KeyCorp boosted their price objective on shares of Helios Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. 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. Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Stifel Nicolaus lifted their target price on shares of Helios Technologies from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Helios Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $91.25.
View Our Latest Stock Report on HLIO
Helios Technologies Trading Down 10.1%
NYSE:HLIO opened at $60.21 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.74 and a quick ratio of 1.53. Helios Technologies has a fifty-two week low of $49.86 and a fifty-two week high of $95.05. The stock’s 50-day moving average is $68.82 and its two-hundred day moving average is $73.42. The stock has a market cap of $1.98 billion, a PE ratio of 20.86 and a beta of 1.28.
Helios Technologies (NYSE:HLIO – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $229.70 million for the quarter. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%. Helios Technologies’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, equities research analysts forecast that Helios Technologies will post 3.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Helios Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nykredit A S bought a new stake in Helios Technologies in the second quarter worth approximately $30,000. NewEdge Advisors LLC acquired a new position in shares of Helios Technologies during the 1st quarter worth $29,000. Allworth Financial LP acquired a new position in shares of Helios Technologies during the 2nd quarter worth $40,000. Public Employees Retirement System of Ohio bought a new position in shares of Helios Technologies during the 2nd quarter valued at $43,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Helios Technologies by 3.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,631 shares of the company’s stock valued at $1,011,000 after purchasing an additional 542 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.
Helios Technologies Company Profile
Helios Technologies, Inc develops and manufactures industrial technology products for the hydraulics and electronics markets. Its offerings include hydraulic cartridge valves, manifolds and electro-hydraulic controls, as well as electronic control systems, displays, instrumentation and related connectivity solutions used in mobile equipment, industrial machinery and other specialized applications.
The company serves original equipment manufacturers and other industrial customers through a portfolio that has included the Sun Hydraulics and Enovation Controls brands.
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