Zacks Investment Research Downgrades Hill-Rom (HRC) to Hold

Hill-Rom (NYSE:HRC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Hill-Rom has outperformed the broader industry in the past year. Of late, the company has been seeing solid year-over-year increase in revenues on strong international growth primarily banking on the 'One Hill-Rom' approach. The company is focusing on product innovation, the latest one being Connex Cardio ECG. Hill-Rom has updated its 2020 long-range financial objectives and outlook considering gains from the new tax reform. Hill-Rom now expects to drive adjusted earnings by 12-14% on a compound annual basis through 2020, compared with the previous guidance of 10-12%. Moreover, an improvement in gross and adjusted operating margin buoys optimism.However, a decline in revenues at the Patient Support Systems segment is quite disappointing. Also, foreign exchange and a tough competitive landscape remain headwinds.”

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Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of Hill-Rom from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Needham & Company LLC reissued a “buy” rating on shares of Hill-Rom in a research note on Friday, January 26th. KeyCorp reaffirmed a “buy” rating and issued a $97.00 price target on shares of Hill-Rom in a report on Thursday, January 18th. Barclays reaffirmed a “buy” rating and issued a $100.00 price target on shares of Hill-Rom in a report on Wednesday, January 10th. Finally, Morgan Stanley lowered shares of Hill-Rom from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $93.89.

NYSE:HRC traded down $0.39 during trading hours on Friday, reaching $85.79. The company’s stock had a trading volume of 32,143 shares, compared to its average volume of 522,535. The company has a market capitalization of $5,694.91, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.38 and a beta of 0.97. Hill-Rom has a 12 month low of $69.47 and a 12 month high of $91.11. The company has a quick ratio of 1.29, a current ratio of 1.75 and a debt-to-equity ratio of 1.39.

Hill-Rom (NYSE:HRC) last issued its quarterly earnings data on Friday, January 26th. The medical technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. The company had revenue of $669.70 million during the quarter, compared to the consensus estimate of $670.00 million. Hill-Rom had a net margin of 7.14% and a return on equity of 20.24%. Hill-Rom’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. sell-side analysts expect that Hill-Rom will post 4.62 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its holdings in Hill-Rom by 5.6% in the fourth quarter. Amalgamated Bank now owns 13,796 shares of the medical technology company’s stock worth $1,163,000 after purchasing an additional 729 shares during the last quarter. Liberty Mutual Group Asset Management Inc. grew its holdings in shares of Hill-Rom by 5.4% during the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 16,724 shares of the medical technology company’s stock valued at $1,410,000 after buying an additional 853 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Hill-Rom by 10.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,611 shares of the medical technology company’s stock valued at $711,000 after buying an additional 877 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Hill-Rom by 27.0% during the fourth quarter. LPL Financial LLC now owns 4,660 shares of the medical technology company’s stock valued at $394,000 after buying an additional 991 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hill-Rom by 52.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,357 shares of the medical technology company’s stock valued at $283,000 after buying an additional 1,156 shares during the last quarter. 82.50% of the stock is currently owned by institutional investors and hedge funds.

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About Hill-Rom

Hill-Rom Holdings, Inc is a global medical technology company. The Company partners with health care providers across care settings, by focusing on patient care solutions that improve clinical and economic outcomes in five core areas: advancing mobility, wound care and prevention, patient monitoring and diagnostics, surgical safety and efficiency and respiratory health.

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