Milacron Holdings (NYSE:MCRN) has earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.50.
A number of analysts recently weighed in on the company. ValuEngine downgraded Milacron from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded Milacron from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, TheStreet downgraded Milacron from a “b” rating to a “c” rating in a report on Friday, January 26th.
NYSE MCRN traded up $0.42 on Thursday, reaching $20.15. The company had a trading volume of 829,210 shares, compared to its average volume of 480,003. The company has a market capitalization of $1,365.23, a price-to-earnings ratio of 11.92, a PEG ratio of 1.98 and a beta of 0.62. Milacron has a fifty-two week low of $15.09 and a fifty-two week high of $22.62. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of -5.90.
Milacron (NYSE:MCRN) last posted its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. The business had revenue of $324.90 million during the quarter, compared to the consensus estimate of $302.91 million. Milacron had a negative return on equity of 62.36% and a net margin of 0.09%. Milacron’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. research analysts expect that Milacron will post 1.82 earnings per share for the current fiscal year.
In other Milacron news, Director Jim M. Kratochvil sold 28,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $21.65, for a total transaction of $606,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce A. Chalmers sold 2,054 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $21.12, for a total value of $43,380.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,543 shares of company stock valued at $1,447,436. Company insiders own 2.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of MCRN. SG Americas Securities LLC acquired a new stake in Milacron during the 3rd quarter worth about $101,000. Xact Kapitalforvaltning AB acquired a new stake in Milacron during the 4th quarter worth about $193,000. OppenheimerFunds Inc. bought a new position in shares of Milacron during the 4th quarter worth about $201,000. Highbridge Capital Management LLC bought a new position in shares of Milacron during the 3rd quarter worth about $215,000. Finally, Sei Investments Co. boosted its position in shares of Milacron by 207.4% during the 3rd quarter. Sei Investments Co. now owns 13,296 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 8,971 shares in the last quarter.
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Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. 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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