Sun Hydraulics Co. (NASDAQ:SNHY) has been assigned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $63.50.
Several equities research analysts recently weighed in on SNHY shares. BidaskClub downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. KeyCorp started coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued an “overweight” rating and a $67.00 price objective for the company. SunTrust Banks started coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued a “buy” rating for the company. Finally, Sidoti raised shares of Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, February 13th.
A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new stake in Sun Hydraulics in the fourth quarter worth about $204,000. MetLife Investment Advisors LLC bought a new stake in Sun Hydraulics in the fourth quarter worth about $683,000. Metropolitan Life Insurance Co. NY bought a new stake in Sun Hydraulics in the fourth quarter worth about $479,000. Goldman Sachs Group Inc. raised its position in Sun Hydraulics by 59.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 45,723 shares of the industrial products company’s stock worth $2,958,000 after acquiring an additional 17,060 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Sun Hydraulics by 25.6% in the fourth quarter. Deutsche Bank AG now owns 52,510 shares of the industrial products company’s stock worth $3,394,000 after acquiring an additional 10,702 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.
Sun Hydraulics (NASDAQ SNHY) traded up $0.45 during mid-day trading on Friday, reaching $54.26. 140,337 shares of the company traded hands, compared to its average volume of 314,030. The firm has a market capitalization of $1,663.96, a P/E ratio of 46.38 and a beta of 1.79. Sun Hydraulics has a 1-year low of $34.17 and a 1-year high of $70.83. The company has a quick ratio of 2.29, a current ratio of 3.20 and a debt-to-equity ratio of 0.43.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $84.15 million during the quarter, compared to the consensus estimate of $83.79 million. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The company’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. sell-side analysts expect that Sun Hydraulics will post 1.88 EPS for the current fiscal year.
About Sun Hydraulics
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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