Helios Technologies (NYSE:HLIO) Given New $85.00 Price Target at KeyCorp

Key Points

• KeyCorp lowered its price target for Helios Technologies from $95 to $85 but kept an “overweight” rating; the new target implies 57.6% upside from the current share price.
• Shares were reported down 10.2%, opening Friday at $53.94. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $88.75.
• Helios reported quarterly EPS of $0.80, beating the $0.75 estimate, while revenue rose 4.3% year over year to $229.7 million.

Helios Technologies (NYSE:HLIO - Get Free Report) had its price target reduced by equities researchers at KeyCorp from $95.00 to $85.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price target suggests a potential upside of 57.60% from the company's current price.

HLIO has been the subject of several other reports. Wall Street Zen downgraded shares of Helios Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised Helios Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Zacks Research downgraded Helios Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 20th. Stifel Nicolaus boosted their price objective on Helios Technologies from $93.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Helios Technologies from $100.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.75.

Helios Technologies Stock Down 10.2%

HLIO stock opened at $53.94 on Friday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 24.82 and a beta of 1.28. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.35. Helios Technologies has a twelve month low of $49.86 and a twelve month high of $95.05. The business has a 50 day moving average price of $68.82 and a two-hundred day moving average price of $73.42.

Helios Technologies (NYSE:HLIO - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. Helios Technologies had a net margin of 8.01% and a return on equity of 11.43%. The business had revenue of $229.70 million during the quarter. During the same period in the prior year, the business posted $0.72 earnings per share. Helios Technologies's quarterly revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that Helios Technologies will post 3.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Helios Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Nykredit A S bought a new stake in shares of Helios Technologies during the second quarter worth about $30,000. NewEdge Advisors LLC bought a new position in Helios Technologies in the 1st quarter valued at about $29,000. Allworth Financial LP bought a new position in Helios Technologies in the 2nd quarter valued at about $40,000. Public Employees Retirement System of Ohio bought a new position in Helios Technologies in the 2nd quarter valued at about $43,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Helios Technologies during the 2nd quarter valued at about $59,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Helios Technologies Company Profile

Helios Technologies, Inc develops and manufactures industrial technology products for the hydraulics and electronics markets. Its offerings include hydraulic cartridge valves, manifolds and electro-hydraulic controls, as well as electronic control systems, displays, instrumentation and related connectivity solutions used in mobile equipment, industrial machinery and other specialized applications.

The company serves original equipment manufacturers and other industrial customers through a portfolio that has included the Sun Hydraulics and Enovation Controls brands.

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