Hill-Rom (HRC) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Hill-Rom (NYSE:HRC) from a hold rating to a buy rating in a report published on Thursday morning. They currently have $96.00 price objective on the medical technology company’s stock.

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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HRC has been the topic of a number of other reports. Raymond James Financial raised shares of Hill-Rom from a market perform rating to an outperform rating and set a $94.00 price target on the stock in a research note on Wednesday, January 3rd. Needham & Company LLC reissued a buy rating on shares of Hill-Rom in a research note on Friday, January 26th. Goldman Sachs assumed coverage on shares of Hill-Rom in a research note on Wednesday. They issued a neutral rating and a $85.00 price target on the stock. ValuEngine raised shares of Hill-Rom from a hold rating to a buy rating in a research note on Friday, March 2nd. Finally, KeyCorp reissued a buy rating and issued a $97.00 price target on shares of Hill-Rom in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $93.89.

Shares of Hill-Rom stock traded down $1.66 on Thursday, reaching $84.52. The company had a trading volume of 192,034 shares, compared to its average volume of 524,368. The company has a market capitalization of $5,694.91, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.97. Hill-Rom has a 52-week low of $69.47 and a 52-week high of $91.11. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.29 and a current ratio of 1.75.

Hill-Rom (NYSE:HRC) last released its quarterly earnings results on Friday, January 26th. The medical technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. The business had revenue of $669.70 million for 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%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. equities analysts expect that Hill-Rom will post 4.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 23rd were paid a dividend of $0.20 per share. This is an increase from Hill-Rom’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, March 22nd. Hill-Rom’s dividend payout ratio is presently 20.73%.

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

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Hill-Rom Company Profile

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.

Analyst Recommendations for Hill-Rom (NYSE:HRC)

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