Media headlines about Sun Hydraulics (NASDAQ:SNHY) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Hydraulics earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.5957690693029 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Sun Hydraulics Announces Fourth Quarter and Full Year 2017 Financial Results Release and Conference Call (markets.financialcontent.com)
- Analysts Expect Sun Hydraulics Co. (SNHY) Will Post Quarterly Sales of $83.73 Million (americanbankingnews.com)
- Financial Contrast: Omega Flex (OFLX) and Sun Hydraulics (SNHY) (americanbankingnews.com)
- Sun Hydraulics (SNHY) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Why Sun Hydraulics Corporation (NASDAQ:SNHY) Could Be A Buy (finance.yahoo.com)
A number of research firms have recently issued reports on SNHY. Zacks Investment Research downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. SunTrust Banks initiated coverage on shares of Sun Hydraulics in a research report on Monday, February 5th. They set a “buy” rating for the company. BidaskClub cut shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, KeyCorp initiated coverage on shares of Sun Hydraulics in a research report on Monday, February 5th. They set an “overweight” rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Sun Hydraulics has a consensus rating of “Hold” and an average target price of $61.67.
The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Friday, January 5th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, January 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. Sun Hydraulics’s payout ratio is 30.25%.
About Sun Hydraulics
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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