Hollysys Automation Technologies’ (HOLI) Buy Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) in a research note published on Monday. They currently have a $25.00 price objective on the industrial products company’s stock, up from their previous price objective of $23.00.
Several other brokerages have also commented on HOLI. Instinet restated a reduce rating and set a $12.31 target price on shares of Hollysys Automation Technologies in a research report on Tuesday, August 15th. Zacks Investment Research lowered Hollysys Automation Technologies from a hold rating to a sell rating in a report on Wednesday, August 16th. BidaskClub upgraded Hollysys Automation Technologies from a sell rating to a hold rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a neutral rating to an overweight rating and set a $22.60 price target on the stock in a report on Tuesday, August 15th. Finally, TheStreet upgraded Hollysys Automation Technologies from a c+ rating to a b rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $19.65.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at 21.72 on Monday. The stock’s 50 day moving average price is $20.44 and its 200 day moving average price is $17.77. The company has a market cap of $1.31 billion, a PE ratio of 19.04 and a beta of 1.48. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $22.90.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.15). Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The business had revenue of $137.96 million for the quarter, compared to the consensus estimate of $152.80 million. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts anticipate that Hollysys Automation Technologies will post $1.69 EPS for the current year.
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The company also recently declared an annual dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be issued a $0.12 dividend. The ex-dividend date is Friday, October 13th. This represents a yield of 0.56%. Hollysys Automation Technologies’s payout ratio is currently 17.39%.
A number of large investors have recently made changes to their positions in HOLI. Russell Investments Group Ltd. bought a new position in Hollysys Automation Technologies in the first quarter worth approximately $1,311,000. First Trust Advisors LP boosted its holdings in Hollysys Automation Technologies by 29.8% in the first quarter. First Trust Advisors LP now owns 73,477 shares of the industrial products company’s stock worth $1,244,000 after acquiring an additional 16,883 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Hollysys Automation Technologies in the first quarter worth approximately $6,444,000. Ameriprise Financial Inc. boosted its holdings in Hollysys Automation Technologies by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 35,029 shares of the industrial products company’s stock worth $593,000 after acquiring an additional 1,657 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Hollysys Automation Technologies by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 34,169 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 1,362 shares in the last quarter. Institutional investors and hedge funds own 68.02% of the company’s stock.
About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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