KeyCorp Issues Pessimistic Forecast for Hillenbrand (NYSE:HI) Stock Price

Hillenbrand (NYSE:HI - Get Free Report) had its target price dropped by equities researchers at KeyCorp from $45.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's target price would indicate a potential upside of 20.81% from the company's current price.

Several other analysts have also issued reports on HI. DA Davidson lowered Hillenbrand from a "buy" rating to a "neutral" rating and cut their target price for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. StockNews.com raised shares of Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Hillenbrand presently has an average rating of "Moderate Buy" and an average target price of $44.67.

Hillenbrand Price Performance

HI traded up $2.94 during trading on Thursday, reaching $33.11. The stock had a trading volume of 682,196 shares, compared to its average volume of 388,023. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The business has a 50-day moving average of $27.87 and a 200-day moving average of $36.26. Hillenbrand has a one year low of $25.11 and a one year high of $50.58. The stock has a market cap of $2.33 billion, a PE ratio of -11.77 and a beta of 1.38.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HI. Matrix Trust Co bought a new stake in Hillenbrand in the third quarter valued at $25,000. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company's stock worth $28,000 after purchasing an additional 262 shares during the period. Kennebec Savings Bank bought a new stake in shares of Hillenbrand during the 3rd quarter valued at about $48,000. KBC Group NV increased its position in shares of Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company's stock valued at $63,000 after buying an additional 551 shares during the period. Finally, nVerses Capital LLC bought a new position in Hillenbrand in the third quarter worth about $75,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.