Sun Hydraulics Co. (NASDAQ:SNHY) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.33.

A number of equities research analysts have weighed in on SNHY shares. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a report on Friday, May 3rd. Stifel Nicolaus raised shares of QUALCOMM from a “hold” rating to a “buy” rating and upped their price target for the company from $57.00 to $100.00 in a report on Tuesday, April 16th. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Robert W. Baird downgraded shares of Sun Hydraulics from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 1st.

SNHY traded down $0.16 on Monday, reaching $45.84. The company had a trading volume of 43,525 shares, compared to its average volume of 86,500. The firm has a fifty day moving average of $45.44. The stock has a market cap of $1.47 billion, a P/E ratio of 19.93 and a beta of 1.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.03 and a quick ratio of 1.13. Sun Hydraulics has a one year low of $30.79 and a one year high of $58.13.

Sun Hydraulics (NASDAQ:SNHY) last announced its earnings results on Monday, May 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. The firm had revenue of $146.85 million during the quarter, compared to analyst estimates of $149.30 million. Sun Hydraulics had a net margin of 9.19% and a return on equity of 12.57%. Sun Hydraulics’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Sell-side analysts forecast that Sun Hydraulics will post 2.56 EPS for the current fiscal year.

In other Sun Hydraulics news, major shareholder Robert C. Koski sold 6,800 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $45.06, for a total transaction of $306,408.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine L. Koski sold 25,700 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.94, for a total transaction of $1,180,658.00. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock valued at $1,713,941 over the last three months. 6.30% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in Sun Hydraulics during the first quarter valued at about $71,000. Truvestments Capital LLC purchased a new stake in shares of Sun Hydraulics in the first quarter worth approximately $174,000. Zions Bancorporation N.A. purchased a new stake in shares of Sun Hydraulics in the first quarter worth approximately $203,000. SG Americas Securities LLC purchased a new stake in shares of Sun Hydraulics in the first quarter worth approximately $249,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Sun Hydraulics in the first quarter worth approximately $249,000. 84.56% of the stock is owned by institutional investors.

Sun Hydraulics Company Profile

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.

Further Reading: Bid-Ask Spread

Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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