Helios Technologies (NYSE:HLIO) Price Target Cut to $65.00 by Analysts at Stifel Nicolaus

Helios Technologies (NYSE:HLIO) had its price objective dropped by equities researchers at Stifel Nicolaus from $78.00 to $65.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target suggests a potential upside of 37.73% from the stock’s current price.

A number of other research analysts have also recently weighed in on HLIO. Robert W. Baird cut Helios Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $90.00 to $65.00 in a report on Friday. Wall Street Zen lowered Helios Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp dropped their price target on Helios Technologies from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Research downgraded Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One 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 data from MarketBeat, Helios Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Helios Technologies Stock Down 0.5%

Shares of HLIO opened at $47.19 on Monday. Helios Technologies has a fifty-two week low of $46.95 and a fifty-two week high of $95.05. The company’s fifty day moving average is $68.27 and its two-hundred day moving average is $73.33. The firm has a market cap of $1.56 billion, a PE ratio of 20.00 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 (NYSE:HLIO) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $229.70 million during the quarter. Helios Technologies had a return on equity of 11.61% and a net margin of 8.74%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. Analysts forecast that Helios Technologies will post 3.17 earnings per share for the current year.

Institutional Trading of Helios Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Helios Technologies in the 2nd quarter valued at $231,414,000. Dimensional Fund Advisors LP raised its position in Helios Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,618,712 shares of the company’s stock valued at $104,743,000 after purchasing an additional 6,347 shares during the period. William Blair Investment Management LLC purchased a new position in Helios Technologies in the second quarter valued at about $74,454,000. Jennison Associates LLC lifted its stake in shares of Helios Technologies by 30.1% during the first quarter. Jennison Associates LLC now owns 1,035,977 shares of the company’s stock worth $67,038,000 after purchasing an additional 239,876 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Helios Technologies during the second quarter worth about $36,693,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

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.