Helios Technologies (NYSE:HLIO) Stock Dropped to "Neutral" by Robert W. Baird

Key Points

• Robert W. Baird downgraded Helios Technologies from “outperform” to “neutral” and cut its price target from $90 to $65, implying 7.95% upside from the prior close.
• Analyst views remain mixed: MarketBeat reports a “Moderate Buy” consensus and a $91.25 average price target.
• Helios reported quarterly EPS of $0.80, beating the $0.75 consensus, while revenue rose 4.3% year over year to $229.7 million.

Helios Technologies (NYSE:HLIO - Get Free Report) was downgraded by research analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $65.00 target price on the stock, down from their prior target price of $90.00. Robert W. Baird's price target indicates a potential upside of 7.95% from the company's previous close.

Several other brokerages have also recently weighed in on HLIO. Wall Street Zen cut Helios Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. KeyCorp boosted their price target on shares of Helios Technologies from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Stifel Nicolaus upped their price target on shares of Helios Technologies from $93.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Zacks Research lowered shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings upgraded shares of Helios Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.25.

Helios Technologies Stock Performance

Shares of NYSE HLIO opened at $60.21 on Friday. The stock has a fifty day moving average price of $68.82 and a two-hundred day moving average price of $73.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The firm has a market cap of $1.98 billion, a P/E ratio of 20.86 and a beta of 1.28. Helios Technologies has a 1 year low of $49.86 and a 1 year high of $95.05.

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

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HLIO. NewEdge Advisors LLC acquired a new position in Helios Technologies in the 1st quarter worth approximately $29,000. Nykredit A S purchased a new position in Helios Technologies during the 2nd quarter worth approximately $30,000. Allworth Financial LP purchased a new position in Helios Technologies during the 2nd quarter worth approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in Helios Technologies during the 2nd quarter valued at $43,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Helios Technologies during the 2nd quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.