Stifel Nicolaus Issues Pessimistic Forecast for Helios Technologies (NYSE:HLIO) Stock Price

Key Points

• Stifel Nicolaus cut its price target on Helios Technologies from $78 to $65 but maintained a Buy rating; the new target implies 37.73% upside from the prior close.
• Analyst views are mixed: MarketBeat reports a consensus “Moderate Buy” rating and an $81.25 average price target, while several firms recently downgraded shares or lowered targets.
• Helios reported quarterly EPS of $0.80, topping the $0.75 consensus, and revenue of $229.7 million, up 4.3% year over year. Shares opened at $47.19, close to their one-year low of $46.95.

Helios Technologies (NYSE:HLIO - Get Free Report) had its target price lowered by stock analysts at Stifel Nicolaus from $78.00 to $65.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus's price objective would indicate a potential upside of 37.73% from the company's previous close.

Several other research firms also recently weighed in on HLIO. Wall Street Zen downgraded shares of Helios Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Zacks Research downgraded shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. increased their price target 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. KeyCorp lowered their price target on shares of Helios Technologies from $95.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Robert W. Baird cut shares of Helios Technologies from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $90.00 to $65.00 in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Helios Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

Helios Technologies Stock Down 0.5%

HLIO opened at $47.19 on Monday. The business's fifty day moving average is $68.27 and its two-hundred day moving average is $73.33. 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 company has a market cap of $1.56 billion, a price-to-earnings ratio of 20.00 and a beta of 1.28. Helios Technologies has a one year low of $46.95 and a one year high of $95.05.

Helios Technologies (NYSE:HLIO - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. Helios Technologies had a return on equity of 11.61% and a net margin of 8.74%. The business had revenue of $229.70 million during the quarter. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Analysts anticipate that Helios Technologies will post 3.17 EPS for the current fiscal year.

Institutional Trading of Helios Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLIO. BlackRock Inc. acquired a new stake in Helios Technologies in the 2nd quarter worth about $231,414,000. William Blair Investment Management LLC purchased a new stake in Helios Technologies in the 2nd quarter valued at about $74,454,000. Bank of America Corp DE acquired a new position in shares of Helios Technologies during the 2nd quarter valued at about $36,693,000. Jupiter Topco LLC acquired a new position in shares of Helios Technologies during the 2nd quarter valued at about $36,438,000. Finally, Jennison Associates LLC increased its stake in shares of Helios Technologies by 30.1% during the 1st quarter. Jennison Associates LLC now owns 1,035,977 shares of the company's stock valued at $67,038,000 after acquiring an additional 239,876 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

About Helios Technologies

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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