Milacron Holdings Corp. (MCRN) Receives $21.67 Consensus Target Price from Analysts

Milacron Holdings Corp. (NYSE:MCRN) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.67.

MCRN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub downgraded shares of Milacron Holdings Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. TheStreet upgraded shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $23.00 price objective on shares of Milacron Holdings Corp. in a report on Wednesday, October 4th. Finally, KeyCorp restated a “buy” rating and set a $21.00 price objective on shares of Milacron Holdings Corp. in a report on Friday, October 20th.

In other Milacron Holdings Corp. news, CEO Thomas J. Goeke bought 65,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $15.41 per share, for a total transaction of $1,001,650.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald M. Krisanda sold 12,520 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $18.21, for a total transaction of $227,989.20. The disclosure for this sale can be found here. Insiders have sold 220,364 shares of company stock valued at $3,882,001 in the last quarter. Company insiders own 3.40% of the company’s stock.

A number of large investors have recently modified their holdings of MCRN. BNP Paribas Arbitrage SA boosted its position in shares of Milacron Holdings Corp. by 765.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 5,089 shares during the period. SG Americas Securities LLC bought a new position in shares of Milacron Holdings Corp. in the third quarter valued at approximately $101,000. Victory Capital Management Inc. boosted its position in shares of Milacron Holdings Corp. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 1,000 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Milacron Holdings Corp. by 6.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 379 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Milacron Holdings Corp. in the third quarter valued at approximately $132,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.

Milacron Holdings Corp. (MCRN) traded down $0.08 during midday trading on Tuesday, reaching $16.72. 4,305,015 shares of the company were exchanged, compared to its average volume of 507,893. Milacron Holdings Corp. has a 1-year low of $15.00 and a 1-year high of $19.57. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. The stock has a market capitalization of $1,143.98, a P/E ratio of 9.75, a PEG ratio of 1.20 and a beta of 0.97.

Milacron Holdings Corp. (NYSE:MCRN) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Milacron Holdings Corp. had a negative net margin of 0.09% and a negative return on equity of 56.93%. The business had revenue of $314.70 million during the quarter, compared to the consensus estimate of $301.13 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. research analysts predict that Milacron Holdings Corp. will post 1.62 earnings per share for the current fiscal year.

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About Milacron Holdings Corp.

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

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