Hill-Rom (NYSE:HRC) Upgraded to “Buy” by ValuEngine

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Hill-Rom (NYSE:HRC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday, ValuEngine reports.

Several other research firms have also issued reports on HRC. Zacks Investment Research lowered shares of Hill-Rom from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Barclays increased their target price on shares of Hill-Rom from $103.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $116.00 target price on shares of Hill-Rom in a research note on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $108.00.

Shares of HRC opened at $103.90 on Tuesday. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.78 and a beta of 0.90. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.27 and a current ratio of 1.69. Hill-Rom has a fifty-two week low of $81.82 and a fifty-two week high of $108.68.

Hill-Rom (NYSE:HRC) last announced its quarterly earnings results on Friday, April 26th. The medical technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.03. The company had revenue of $714.20 million for the quarter, compared to the consensus estimate of $705.59 million. Hill-Rom had a return on equity of 21.30% and a net margin of 7.93%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. On average, analysts expect that Hill-Rom will post 5.05 EPS for the current year.

Several hedge funds have recently bought and sold shares of HRC. Oregon Public Employees Retirement Fund boosted its stake in shares of Hill-Rom by 8,755.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,308,056 shares of the medical technology company’s stock worth $26,000 after acquiring an additional 2,281,991 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in shares of Hill-Rom during the 1st quarter worth about $30,000. Sageworth Trust Co purchased a new stake in shares of Hill-Rom during the 1st quarter worth about $32,000. Financial Gravity Companies Inc. purchased a new position in Hill-Rom in the 4th quarter valued at about $48,000. Finally, Financial Gravity Wealth Inc. purchased a new position in Hill-Rom in the 1st quarter valued at about $53,000. 81.31% of the stock is currently owned by institutional investors and hedge funds.

Hill-Rom Company Profile

Hill-Rom Holdings, Inc operates as a medical technology company worldwide. It operates in three segments: Patient Support Systems, Front Line Care, and Surgical Solutions. The company offers medical surgical beds, intensive care unit beds, and bariatric patient beds, lifts and other patient mobility devices, non-invasive therapeutic products and surfaces, and information technologies and software solutions; and medical equipment management services, as well as sells equipment service contracts for its capital equipment.

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Analyst Recommendations for Hill-Rom (NYSE:HRC)

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