The stock of Hill-Rom Holdings, Inc. (NYSE:HRC) hit a new 52-week high and has $79.77 target or 29.00% above today’s $61.84 share price. The 7 months bullish chart indicates low risk for the $4.04B company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $79.77 price target is reached, the company will be worth $1.17B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 148,855 shares traded hands. Hill-Rom Holdings, Inc. (NYSE:HRC) has risen 30.87% since March 2, 2016 and is uptrending. It has outperformed by 22.61% the S&P500.
Analysts await Hill-Rom Holdings, Inc. (NYSE:HRC) to report earnings on November, 3. They expect $1.13 earnings per share, up 36.14% or $0.30 from last year’s $0.83 per share. HRC’s profit will be $73.82 million for 13.68 P/E if the $1.13 EPS becomes a reality. After $0.81 actual earnings per share reported by Hill-Rom Holdings, Inc. for the previous quarter, Wall Street now forecasts 39.51% EPS growth.
Hill-Rom Holdings, Inc. (NYSE:HRC) Ratings Coverage
Out of 4 analysts covering Hill-Rom (NYSE:HRC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Hill-Rom has been the topic of 4 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Goldman Sachs reinitiated the stock with “Neutral” rating in Wednesday, September 23 report. On Thursday, June 16 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was upgraded by KeyBanc Capital Markets on Thursday, January 21 to “Overweight”. Northcoast upgraded Hill-Rom Holdings, Inc. (NYSE:HRC) on Wednesday, December 16 to “Buy” rating.
According to Zacks Investment Research, “HILL-ROM HOLDINGS, Inc. traces its roots back to 1929 when William A. Hillenbrand formed the company as a division of Hillenbrand Industries. At that time, the company was focused on developing innovative beds and furnishings for hospital patient rooms. Now, after nearly eighty years, Hill-Rom leads the way as an innovator in the medical technology field developing solutions that enhance outcomes for patients and their caregivers.”
Insitutional Activity: The institutional sentiment decreased to 1.29 in Q2 2016. Its down 0.01, from 1.3 in 2016Q1. The ratio dropped, as 19 funds sold all Hill-Rom Holdings, Inc. shares owned while 79 reduced positions. 35 funds bought stakes while 91 increased positions. They now own 53.93 million shares or 0.18% less from 54.02 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa holds 23,608 shares or 0.01% of its portfolio. Tower Cap Llc (Trc) holds 516 shares or 0% of its portfolio. Texas Yale owns 53,586 shares or 0.27% of their US portfolio. Parkwood Limited Com owns 8,370 shares or 0.07% of their US portfolio. Utah Retirement Sys owns 11,913 shares or 0.02% of their US portfolio. Ladenburg Thalmann Serv Inc has invested 0% of its portfolio in Hill-Rom Holdings, Inc. (NYSE:HRC). Moreover, California Pub Employees Retirement Systems has 0.01% invested in Hill-Rom Holdings, Inc. (NYSE:HRC) for 162,074 shares. Us Retail Bank De holds 0% or 4,584 shares in its portfolio. Wedge Capital L Limited Partnership Nc has 0.12% invested in the company for 221,732 shares. Vanguard Gp last reported 4.36M shares in the company. Amalgamated National Bank & Trust accumulated 11,143 shares or 0.04% of the stock. Healthcor Mgmt Ltd Partnership, a New York-based fund reported 815,603 shares. Proshare Advsrs Lc, a Maryland-based fund reported 6,594 shares. Morgan Stanley last reported 102,941 shares in the company. Goelzer Investment has 0.34% invested in the company for 49,115 shares.
More notable recent Hill-Rom Holdings, Inc. (NYSE:HRC) news were published by: Prnewswire.com which released: “Hill-Rom Holdings, Inc., to Host Fiscal Fourth Quarter 2016 Earnings …” on September 29, 2016, also Prnewswire.com with their article: “Hill-Rom Adding More Than 100 Jobs In Central New York” published on September 28, 2016, Prnewswire.com published: “Hill-Rom to Participate in the Morgan Stanley Global Healthcare Conference” on August 24, 2016. More interesting news about Hill-Rom Holdings, Inc. (NYSE:HRC) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Gilead Sciences, Hill-Rom Holdings and Nasdaq OMX Group” published on September 12, 2016 as well as Prnewswire.com‘s news article titled: “Returning Care to the Bedside: Hill-Rom Protects Patients by Anticipating Care” with publication date: March 01, 2016.
HRC Company Profile
Hill-Rom Holdings, Inc., incorporated on August 7, 1969, is a medical technology company. The Firm offers patient care solutions that improve clinical and economic outcomes in advancing mobility, wound care and prevention, clinical workflow, surgical safety and efficiency, and respiratory health areas. The Company’s divisions include North America, Surgical and Respiratory Care, International and Welch Allyn. The North America segment sells and rents its support and near-patient technologies and services, as well as clinical workflow solutions in the United States and Canada. The Surgical and Respiratory Care segment sells and rents its surgical and respiratory care products across the globe. The International segment sells and rents similar products as the Company’s North America segment in regions outside of the United States and Canada. The Welch Allyn segment sells medical diagnostic equipment and a portfolio of devices that assess, diagnose, treat and manage a range of illnesses and diseases across the globe.
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