In a report released today, Matt Summerville from D.A. Davidson maintained a Buy rating on Hillenbrand (HI – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $47.77.
Summerville covers the Industrial Goods sector, focusing on stocks such as Crane NXT, Alta Equipment Group, and Hillenbrand. According to TipRanks, Summerville has an average return of 3.8% and a 43.09% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hillenbrand with a $62.00 average price target.
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Based on Hillenbrand’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $690.9 million and a net profit of $463.5 million. In comparison, last year the company earned a revenue of $742 million and had a net profit of $54.3 million
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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.
Read More on HI:
- Hillenbrand to Acquire the Schenck Process Food and Performance Materials Business, a Global Provider of Processing Technologies and Systems
- Hillenbrand Reports Fiscal Second Quarter 2023 Results
- HI Upcoming Earnings Report: What to Expect?
- Hillenbrand Declares Third Quarter Dividend of $0.22 Per Share
