Sun Hydraulics (SNHY) Downgraded by ValuEngine

Sun Hydraulics (NASDAQ:SNHY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

SNHY has been the subject of several other reports. Stifel Nicolaus assumed coverage on Sun Hydraulics in a research report on Friday, March 23rd. They issued a “buy” rating and a $61.00 price objective for the company. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating and set a $61.00 target price for the company. in a research note on Friday, February 9th. BidaskClub upgraded Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. SunTrust Banks assumed coverage on Sun Hydraulics in a research note on Monday, February 5th. They issued a “buy” rating for the company. Finally, KeyCorp assumed coverage on Sun Hydraulics in a research note on Monday, February 5th. They issued an “overweight” rating and a $67.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Sun Hydraulics has a consensus rating of “Hold” and a consensus target price of $62.60.

Shares of SNHY traded up $0.28 during mid-day trading on Friday, hitting $53.41. The company’s stock had a trading volume of 77,879 shares, compared to its average volume of 255,121. Sun Hydraulics has a one year low of $34.17 and a one year high of $70.83. The company has a current ratio of 3.20, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1,648.85, a price-to-earnings ratio of 33.38 and a beta of 1.66.



Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Sun Hydraulics had a return on equity of 16.58% and a net margin of 9.20%. The company had revenue of $84.15 million during the quarter, compared to analysts’ expectations of $83.79 million. During the same period in the prior year, the business earned $0.18 earnings per share. Sun Hydraulics’s revenue for the quarter was up 68.7% compared to the same quarter last year. equities analysts predict that Sun Hydraulics will post 1.93 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its stake in shares of Sun Hydraulics by 191.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 1,536 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of Sun Hydraulics in the fourth quarter valued at $156,000. Xact Kapitalforvaltning AB acquired a new position in shares of Sun Hydraulics in the fourth quarter valued at $204,000. Amalgamated Bank acquired a new position in shares of Sun Hydraulics in the fourth quarter valued at $208,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Sun Hydraulics in the third quarter valued at $236,000. Institutional investors and hedge funds own 70.08% of the company’s stock.

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About Sun Hydraulics

Sun Hydraulics Corporation designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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