In a report released today, Mircea Dobre from Robert W. Baird upgraded Sun Hydraulics Corp (NASDAQ: SNHY) to Buy. The company’s shares closed yesterday at $55.12.
According to TipRanks.com, Dobre is a 3-star analyst with an average return of 2.4% and a 50.5% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Illinois Tool Works, and Manitowoc Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sun Hydraulics Corp with a $58 average price target.
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Sun Hydraulics Corp’s market cap is currently $1.74B and has a P/E ratio of 48.35. The company has a Price to Book ratio of 3.46.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
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Sun Hydraulics Corp. engages in the development and manufacture of soolutions for both the hydraulics and electronics markets. It operates through the Hydraulics and Electronics segments. The Hydraulics segment provides screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems.
