Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on Sun Hydraulics Corp (NASDAQ: SNHY) today and set a price target of $57. The company’s shares closed yesterday at $49.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 7.0% and a 61.5% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.
Currently, the analyst consensus on Sun Hydraulics Corp is Moderate Buy and the average price target is $59.33, representing a 21.1% upside.
In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $62 price target.
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The company has a one-year high of $70.83 and a one-year low of $40.25. Currently, Sun Hydraulics Corp has an average volume of 204.6K.
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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.
