Mircea Dobre, an analyst from Robert W. Baird, reiterated the Buy rating on Helios Technologies (HLIO – Research Report). The associated price target remains the same with $58.00.
Mircea Dobre has given his Buy rating due to a combination of factors that indicate Helios Technologies is performing robustly despite market challenges. His positive outlook is underscored by the company’s recent earnings performance, which surpassed both the consensus and Baird’s estimates, showcasing an adjusted EBITDA that beat expectations. Additionally, Dobre is encouraged by Helios Technologies’ ability to maintain its guidance for the year, signaling stability in its business outlook and the potential for growth in its Electronics segment, which is particularly promising with expected gains in health and wellness sectors.
Furthermore, Dobre’s analysis suggests confidence in the company’s strategic initiatives, including its Centers of Excellence and new market opportunities that are anticipated to act as positive catalysts for the Hydraulics segment. He also notes the promise in specific geographic regions, such as the Americas and APAC, and in specific end markets like mobile. The Electronics segment’s performance is particularly noteworthy, with substantial growth driven by areas such as health and wellness and off-road vehicles. These factors combined contribute to Dobre’s Buy rating, reflecting a well-rounded perspective on Helios Technologies’ current performance and future prospects.
Dobre covers the Industrials sector, focusing on stocks such as John Bean Technologies, REV Group, and CNH Industrial. According to TipRanks, Dobre has an average return of 12.2% and a 51.81% success rate on recommended stocks.
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Helios Technologies (HLIO) Company Description:
Helios Technologies, Inc. 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. The Electronics segment provides electronic control, display, and instrumentation solutions for recreational and off-highway vehicles and stationary and power generation equipment. The company was founded by Robert E. Koski and John Allen in 1970 and is headquartered in Sarasota, FL.
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