In a report released today, Christopher Howe from Barrington reiterated a Buy rating on Hillenbrand (HI – Research Report), with a price target of $67.00. The company’s shares closed yesterday at $39.77.
Howe covers the Industrial Goods sector, focusing on stocks such as Columbus Mckinnon, Commercial Vehicle Group, and Hillenbrand. According to TipRanks, Howe has an average return of 9.1% and a 43.13% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hillenbrand with a $67.00 average price target.
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The company has a one-year high of $53.30 and a one-year low of $36.01. Currently, Hillenbrand has an average volume of 349.7K.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HI in relation to earlier this year. Last month, WALKE MEGAN A, the VP, CAO of HI sold 641.00 shares for a total of $30,691.08.
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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.
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