BidaskClub upgraded shares of Sun Hydraulics (NASDAQ:SNHY) from a strong sell rating to a sell rating in a research report report published on Saturday.
A number of other research firms have also weighed in on SNHY. William Blair assumed coverage on shares of Sun Hydraulics in a report on Friday, February 23rd. They set an outperform rating on the stock. KeyCorp assumed coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They set an overweight rating and a $67.00 target price on the stock. SunTrust Banks assumed coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They set a buy rating on the stock. Sidoti raised shares of Sun Hydraulics from a neutral rating to a buy rating and set a $69.00 target price on the stock in a report on Tuesday, February 13th. Finally, Stifel Nicolaus assumed coverage on shares of Sun Hydraulics in a report on Friday, March 23rd. They set a buy rating and a $61.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $60.60.
Sun Hydraulics opened at $50.81 on Friday, Marketbeat Ratings reports. The company has a market cap of $1.58 billion, a P/E ratio of 31.76 and a beta of 1.68. Sun Hydraulics has a 1-year low of $40.82 and a 1-year high of $70.83.
Sun Hydraulics (NASDAQ:SNHY) last posted its earnings results on Tuesday, May 8th. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The firm had revenue of $97.30 million for the quarter, compared to the consensus estimate of $94.81 million. Sun Hydraulics had a return on equity of 14.12% and a net margin of 9.27%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. analysts forecast that Sun Hydraulics will post 1.99 earnings per share for the current fiscal year.
In other Sun Hydraulics news, Director Christine L. Koski sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $49.20, for a total value of $1,230,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Sun Hydraulics in the 1st quarter worth approximately $100,000. Stratos Wealth Partners LTD. purchased a new position in Sun Hydraulics in the 1st quarter worth approximately $105,000. Xact Kapitalforvaltning AB purchased a new position in Sun Hydraulics in the 4th quarter worth approximately $204,000. Amalgamated Bank purchased a new position in Sun Hydraulics in the 4th quarter worth approximately $208,000. Finally, D.A. Davidson & CO. purchased a new position in Sun Hydraulics in the 4th quarter worth approximately $320,000. 82.50% of the stock is owned by institutional investors and hedge funds.
About Sun Hydraulics
Sun Hydraulics Corporation designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.
Receive News & Ratings for Sun Hydraulics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics and related companies with MarketBeat.com's FREE daily email newsletter.