Sun Hydraulics (SNHY) Earning Somewhat Positive News Coverage, Accern Reports

News stories about Sun Hydraulics (NASDAQ:SNHY) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Hydraulics earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.8348163066516 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

Shares of Sun Hydraulics (NASDAQ:SNHY) opened at $56.55 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96. The company has a market capitalization of $1,530.00, a price-to-earnings ratio of 47.92 and a beta of 1.68. Sun Hydraulics has a one year low of $34.17 and a one year high of $70.83.

SNHY has been the topic of a number of research reports. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Sidoti upgraded Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Tuesday, February 13th. Zacks Investment Research cut Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. KeyCorp initiated coverage on Sun Hydraulics in a research report on Monday, February 5th. They set an “overweight” rating and a $67.00 price objective on the stock. Finally, SunTrust Banks initiated coverage on Sun Hydraulics in a research report on Monday, February 5th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Sun Hydraulics presently has a consensus rating of “Hold” and a consensus price target of $63.50.

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Sun Hydraulics Company Profile

Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.

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