Analysts Set Hollysys Automation Technologies, Ltd. (HOLI) PT at $19.65

Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.65.

HOLI has been the topic of several recent analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $25.00 target price (up previously from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. Instinet reaffirmed a “reduce” rating and issued a $12.31 price objective on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. TheStreet raised Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co raised Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective on the stock in a research note on Tuesday, August 15th. Finally, BidaskClub raised Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th.

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Several institutional investors have recently made changes to their positions in the company. Ecofin Ltd. boosted its holdings in shares of Hollysys Automation Technologies by 2.0% in the 2nd quarter. Ecofin Ltd. now owns 871,945 shares of the industrial products company’s stock worth $14,483,000 after purchasing an additional 17,493 shares during the period. State Street Corp boosted its holdings in shares of Hollysys Automation Technologies by 17.2% in the 2nd quarter. State Street Corp now owns 41,750 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 6,142 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Hollysys Automation Technologies in the 2nd quarter worth approximately $2,693,000. Prudential PLC boosted its holdings in shares of Hollysys Automation Technologies by 0.6% in the 2nd quarter. Prudential PLC now owns 10,792,037 shares of the industrial products company’s stock worth $179,256,000 after purchasing an additional 68,685 shares during the period. Finally, GLG Partners LP boosted its holdings in shares of Hollysys Automation Technologies by 20.0% in the 2nd quarter. GLG Partners LP now owns 403,043 shares of the industrial products company’s stock worth $6,695,000 after purchasing an additional 67,288 shares during the period. Hedge funds and other institutional investors own 67.96% of the company’s stock.

Shares of Hollysys Automation Technologies (NASDAQ HOLI) traded up 1.44% during mid-day trading on Friday, reaching $22.51. The company’s stock had a trading volume of 354,923 shares. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $22.77. The company’s 50-day moving average price is $20.93 and its 200-day moving average price is $18.11. The stock has a market capitalization of $1.36 billion, a P/E ratio of 19.73 and a beta of 1.48.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Monday, August 14th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.15). The business had revenue of $137.96 million for the quarter, compared to the consensus estimate of $152.80 million. Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. Hollysys Automation Technologies’s revenue was down 6.6% on a year-over-year basis. On average, equities research analysts forecast that Hollysys Automation Technologies will post $1.69 earnings per share for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Monday, November 6th. Stockholders of record on Monday, October 16th will be issued a $0.12 dividend. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, October 13th. Hollysys Automation Technologies’s dividend payout ratio (DPR) is 10.43%.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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