KeyBanc analyst Jeffrey Hammond maintained a Buy rating on Helios Technologies (HLIO – Research Report) today and set a price target of $58.00. The company’s shares closed yesterday at $48.38.
According to TipRanks, Hammond is a 5-star analyst with an average return of 11.0% and a 60.87% success rate. Hammond covers the Industrials sector, focusing on stocks such as The Middleby, Generac Holdings, and Gates Industrial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Helios Technologies with a $59.00 average price target, which is a 21.95% upside from current levels. In a report released yesterday, Robert W. Baird also reiterated a Buy rating on the stock with a $58.00 price target.
HLIO market cap is currently $1.6B and has a P/E ratio of 42.57.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLIO in relation to earlier this year. Most recently, in March 2024, Philippe Lemaitre, a Director at HLIO bought 938.00 shares for a total of $42,360.08.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on HLIO:
