Hillenbrand (HI) Gets a Buy from D.A. Davidson

D.A. Davidson analyst Matt Summerville maintained a Buy rating on Hillenbrand (HI – Research Report) today and set a price target of $54.00. The company’s shares closed yesterday at $44.74.

According to TipRanks, Summerville is a 4-star analyst with an average return of 10.1% and a 57.47% success rate. Summerville covers the Industrials sector, focusing on stocks such as Crane NXT, Alta Equipment Group, and Barnes Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hillenbrand with a $54.00 average price target.

The company has a one-year high of $52.87 and a one-year low of $36.82. Currently, Hillenbrand has an average volume of 292K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hillenbrand (HI) Company Description:

Hillenbrand, Inc. is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Process Equipment Group and Batesville. The Process Equipment Group segment offers machines used for compounding, extrusion, material handling, size reduction, screening, and flow control. The Batesville segment produces and trades burial and cremation caskets, urns, room display fixtures, and provides web-based applications. The company was founded on November 1, 2007 and is headquartered in Batesville, IN.