Hill-Rom (NYSE:HRC)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research report issued to clients and investors on Thursday. They currently have a $97.00 price objective on the medical technology company’s stock. KeyCorp’s target price suggests a potential upside of 10.09% from the stock’s previous close.
A number of other brokerages have also recently issued reports on HRC. Barclays reiterated a “buy” rating and issued a $100.00 price target on shares of Hill-Rom in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of Hill-Rom from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Needham & Company LLC restated a “buy” rating and set a $105.00 target price (up previously from $90.00) on shares of Hill-Rom in a research note on Tuesday. Raymond James Financial upgraded shares of Hill-Rom from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a research note on Wednesday, January 3rd. Finally, Morgan Stanley cut shares of Hill-Rom from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $95.25.
Hill-Rom (HRC) opened at $88.11 on Thursday. The stock has a market cap of $5,790.00, a PE ratio of 44.28, a P/E/G ratio of 1.53 and a beta of 1.19. Hill-Rom has a one year low of $57.18 and a one year high of $88.91. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.77 and a quick ratio of 1.34.
In other Hill-Rom news, CEO John J. Greisch sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $82.82, for a total transaction of $8,282,000.00. Following the transaction, the chief executive officer now owns 230,851 shares in the company, valued at approximately $19,119,079.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Sherwood Johnson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $82.99, for a total transaction of $82,990.00. Following the transaction, the senior vice president now owns 1,066 shares in the company, valued at approximately $88,467.34. The disclosure for this sale can be found here. Insiders have sold a total of 226,241 shares of company stock worth $18,708,644 in the last 90 days. Company insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HRC. Koch Industries Inc. bought a new position in shares of Hill-Rom in the 2nd quarter worth approximately $1,007,000. Wells Fargo & Company MN lifted its stake in shares of Hill-Rom by 298.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,133,900 shares of the medical technology company’s stock worth $83,908,000 after purchasing an additional 849,050 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Hill-Rom by 535.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 543,398 shares of the medical technology company’s stock worth $43,260,000 after purchasing an additional 457,898 shares during the period. American Century Companies Inc. lifted its stake in shares of Hill-Rom by 385.0% in the 3rd quarter. American Century Companies Inc. now owns 535,229 shares of the medical technology company’s stock worth $39,607,000 after purchasing an additional 424,870 shares during the period. Finally, Hood River Capital Management LLC bought a new position in shares of Hill-Rom in the 2nd quarter worth approximately $22,473,000. Institutional investors and hedge funds own 81.92% of the company’s stock.
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Hill-Rom Holdings, Inc is a global medical technology company. The Company operates through four segments: North America Patient Support Systems, International Patient Support Systems, Front Line Care and Surgical Solutions. The Company’s products and services include Patient Support Systems, Front Line Care and Surgical Solutions.
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