Milacron Holdings Corp. (MCRN) Upgraded to “Hold” at Zacks Investment Research
Milacron Holdings Corp. (NYSE:MCRN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Milacron retained its fiscal 2016 guidance of 0–2% organic sales growth and adjusted EBITDA margins between 18.5% and 19.0%. Revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, pricing pressure in the Advanced Plastic Processing Technologies segment and impact of unfavorable foreign currency remain concerns.”
Separately, Credit Suisse Group AG reissued a “hold” rating on shares of Milacron Holdings Corp. in a research report on Saturday, July 9th.
Milacron Holdings Corp. (NYSE:MCRN) traded up 0.13% during trading on Monday, hitting $15.98. The company had a trading volume of 37,502 shares. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 40.97 and a beta of 0.54. Milacron Holdings Corp. has a 52-week low of $11.56 and a 52-week high of $19.07. The firm’s 50 day moving average is $16.17 and its 200-day moving average is $16.09.
Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Milacron Holdings Corp. had a net margin of 2.28% and a negative return on equity of 54.02%. The company earned $308.10 million during the quarter, compared to analysts’ expectations of $303.17 million. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Milacron Holdings Corp. will post $1.49 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its stake in Milacron Holdings Corp. by 135.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,421 shares of the company’s stock valued at $383,000 after buying an additional 15,193 shares during the period. Vanguard Group Inc. boosted its stake in Milacron Holdings Corp. by 4.8% in the second quarter. Vanguard Group Inc. now owns 1,145,199 shares of the company’s stock valued at $16,617,000 after buying an additional 52,042 shares during the period. Prudential Financial Inc. purchased a new stake in Milacron Holdings Corp. during the second quarter valued at about $160,000. Emerald Acquisition Ltd. purchased a new stake in Milacron Holdings Corp. during the second quarter valued at about $12,221,000. Finally, Bank of New York Mellon Corp boosted its stake in Milacron Holdings Corp. by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 47,868 shares of the company’s stock valued at $695,000 after buying an additional 1,072 shares during the period. 99.19% of the stock is owned by institutional investors and hedge funds.
Milacron Holdings Corp. Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).
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