BidaskClub upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a sell rating to a hold rating in a research report report published on Friday, January 5th.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a hold rating to a buy rating and set a $29.00 target price on the stock in a report on Thursday, November 16th. Deutsche Bank restated a buy rating and set a $25.00 target price (up previously from $23.00) on shares of Hollysys Automation Technologies in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $21.52.
Hollysys Automation Technologies (NASDAQ HOLI) traded down $0.45 during trading hours on Friday, hitting $22.95. 366,964 shares of the company traded hands, compared to its average volume of 209,467. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67. The firm has a market cap of $1,412.01, a price-to-earnings ratio of 20.13 and a beta of 1.59. Hollysys Automation Technologies has a 1-year low of $15.08 and a 1-year high of $27.19.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Monday, November 13th. The industrial products company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $115.50 million for the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. equities research analysts forecast that Hollysys Automation Technologies will post 1.82 EPS for the current year.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new position in Hollysys Automation Technologies in the 2nd quarter worth $2,693,000. Point72 Asset Management L.P. acquired a new position in Hollysys Automation Technologies in the 3rd quarter worth $996,000. First Trust Advisors LP lifted its holdings in Hollysys Automation Technologies by 20.1% in the 3rd quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock worth $3,018,000 after buying an additional 23,400 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Hollysys Automation Technologies by 5.2% in the 2nd quarter. California Public Employees Retirement System now owns 281,300 shares of the industrial products company’s stock worth $4,672,000 after buying an additional 13,900 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Hollysys Automation Technologies by 405,692.7% in the 3rd quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock worth $16,837,000 after buying an additional 778,930 shares in the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.
WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/13/hollysys-automation-technologies-holi-upgraded-by-bidaskclub-to-hold.html.
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.
Receive News & Ratings for Hollysys Automation Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies and related companies with MarketBeat.com's FREE daily email newsletter.