Milacron (MCRN) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Milacron (NYSE:MCRN) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $21.00 target price on the industrial products company’s stock.

According to Zacks, “Milacron’s year-to-date orders have gone up 10%, reflecting continued strength in high-growth regions and a solid order book. The company had raised organic sales growth guidance to 3.0-3.5%. Adjusted EBITDA guidance was tightened to $222-$224 million range to reflect higher material input costs and operational inefficiencies in Europe. Milacron’s revenue growth will be supported from underlying market growth in key segments, geographic expansion of certain product lines, consistent penetration of hot runners, and incremental share gain from new products. Cost-reduction initiatives will help boost margins. The company has a positive record of earnings surprises.”

A number of other brokerages have also commented on MCRN. KeyCorp reissued a buy rating and set a $21.00 price target on shares of Milacron in a research note on Friday, October 20th. BidaskClub raised Milacron from a hold rating to a buy rating in a research note on Friday, October 13th. TheStreet raised Milacron from a c rating to a b rating in a research note on Wednesday, December 13th. Finally, Robert W. Baird reissued a buy rating and set a $23.00 price target on shares of Milacron in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $21.50.

Milacron (NYSE MCRN) traded up $0.35 during trading hours on Friday, hitting $19.01. The company had a trading volume of 736,800 shares, compared to its average volume of 503,044. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. Milacron has a 12-month low of $15.09 and a 12-month high of $19.57. The stock has a market capitalization of $1,319.60, a PE ratio of -633.46, a P/E/G ratio of 1.28 and a beta of 0.94.

Milacron (NYSE:MCRN) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The firm had revenue of $314.70 million during the quarter, compared to analysts’ expectations of $301.13 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. research analysts predict that Milacron will post 1.62 EPS for the current year.

In other news, Director Ira G. Boots sold 33,689 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $19.02, for a total value of $640,764.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ronald M. Krisanda sold 8,820 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $18.57, for a total value of $163,787.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,129,039 shares of company stock valued at $178,449,583. 3.40% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Milacron by 765.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 5,089 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Milacron in the 3rd quarter valued at approximately $101,000. Victory Capital Management Inc. lifted its stake in shares of Milacron by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 1,000 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Milacron in the 3rd quarter valued at approximately $132,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Milacron in the 2nd quarter valued at approximately $185,000. 99.73% of the stock is owned by institutional investors and hedge funds.

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About Milacron

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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