Milacron Holdings Corp. (MCRN) Upgraded to Buy at BidaskClub
BidaskClub upgraded shares of Milacron Holdings Corp. (NYSE:MCRN) from a hold rating to a buy rating in a research note published on Friday morning.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Milacron Holdings Corp. from a hold rating to a sell rating in a research note on Wednesday. TheStreet upgraded Milacron Holdings Corp. from a d+ rating to a c rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird restated a buy rating and issued a $23.00 target price on shares of Milacron Holdings Corp. in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $22.00.
Milacron Holdings Corp. (NYSE MCRN) traded up 0.76% during mid-day trading on Friday, reaching $18.53. The company’s stock had a trading volume of 770,903 shares. The company’s market cap is $1.28 billion. The firm has a 50 day moving average price of $16.97 and a 200 day moving average price of $16.97. Milacron Holdings Corp. has a 52-week low of $12.43 and a 52-week high of $19.32.
Milacron Holdings Corp. (NYSE:MCRN) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The firm had revenue of $309.20 million for the quarter, compared to the consensus estimate of $308.25 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that Milacron Holdings Corp. will post $1.61 earnings per share for the current year.
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In related news, CEO Thomas J. Goeke purchased 65,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $15.41 per share, with a total value of $1,001,650.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of Milacron Holdings Corp. stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $16.71, for a total transaction of $126,079,022.04. The disclosure for this sale can be found here. Insiders sold a total of 7,730,208 shares of company stock worth $129,306,314 in the last 90 days. Company insiders own 3.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP bought a new stake in shares of Milacron Holdings Corp. in the 2nd quarter worth approximately $1,159,000. Renaissance Technologies LLC bought a new stake in shares of Milacron Holdings Corp. in the 1st quarter worth approximately $1,628,000. AXA raised its holdings in shares of Milacron Holdings Corp. by 20.2% in the 2nd quarter. AXA now owns 63,800 shares of the industrial products company’s stock worth $1,122,000 after purchasing an additional 10,700 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Milacron Holdings Corp. by 52.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,224 shares of the industrial products company’s stock worth $1,456,000 after purchasing an additional 26,764 shares during the period. Finally, Federated Investors Inc. PA bought a new stake in shares of Milacron Holdings Corp. in the 2nd quarter worth approximately $8,471,000.
About Milacron Holdings Corp.
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.
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