Zacks Investment Research upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $21.00 price objective on the industrial products company’s stock.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
HOLI has been the subject of a number of other research reports. BidaskClub upgraded Hollysys Automation Technologies from a hold rating to a buy rating in a research report on Tuesday, April 9th. ValuEngine upgraded Hollysys Automation Technologies from a sell rating to a hold rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lowered Hollysys Automation Technologies from an overweight rating to a neutral rating and decreased their price target for the company from $26.00 to $23.00 in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Hollysys Automation Technologies has an average rating of Buy and a consensus price target of $23.50.
Shares of HOLI stock opened at $18.22 on Wednesday. Hollysys Automation Technologies has a fifty-two week low of $16.00 and a fifty-two week high of $24.84. The stock has a market cap of $1.11 billion, a P/E ratio of 10.24 and a beta of 1.44.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Monday, May 13th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Hollysys Automation Technologies had a return on equity of 14.59% and a net margin of 22.78%. The business had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $142.40 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Hollysys Automation Technologies will post 2.08 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems lifted its stake in shares of Hollysys Automation Technologies by 53.7% in the 4th quarter. Ramsey Quantitative Systems now owns 7,317 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 2,555 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of Hollysys Automation Technologies in the 4th quarter valued at $166,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Hollysys Automation Technologies in the 1st quarter valued at $260,000. Fifth Third Bancorp lifted its stake in shares of Hollysys Automation Technologies by 13.8% in the 1st quarter. Fifth Third Bancorp now owns 14,653 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 1,774 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Hollysys Automation Technologies by 20.0% in the 1st quarter. AdvisorNet Financial Inc now owns 15,625 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 2,600 shares during the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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