Time to Sell Milacron Holdings Corp (MCRN) After The Completion of This Ascending Triangle?

July 17, 2017 - By Vivian Park

The stock of Milacron Holdings Corp (MCRN) formed an ascending triangle with $17.81 target or 5.00 % below today’s $18.75 share price. The 9 months triangle pattern indicates high risk for the $1.29 billion company. If the $17.81 price target is reached, the company will be worth $64.50 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 117,158 shares traded. Milacron Holdings Corp (NYSE:MCRN) has risen 16.99% since July 17, 2016 and is uptrending. It has outperformed by 0.29% the S&P500.

Investors wait Milacron Holdings Corp (NYSE:MCRN) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.41 earnings per share, $0.00 or 0.00 % from last year’s $0.41 same quarter earnings. This translates into $28.21M profit for MCRN giving the stock a 11.43 P/E. This is assuming the current $0.41 EPS is accurate. Milacron Holdings Corp’s Wall Street analysts see 28.13 % EPS growth, taking into account the $0.32 EPS reproted in the previous quarter,

Milacron Holdings Corp (NYSE:MCRN) Ratings Coverage

Among 7 analysts covering Milacron Holdings Corp (NYSE:MCRN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Milacron Holdings Corp had 11 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Milacron Holdings Corp (NYSE:MCRN) earned “Outperform” rating by Robert W. Baird on Tuesday, August 4. The company was initiated on Tuesday, August 4 by JP Morgan. Barclays Capital initiated Milacron Holdings Corp (NYSE:MCRN) rating on Tuesday, August 4. Barclays Capital has “Overweight” rating and $25 target. Barclays Capital maintained Milacron Holdings Corp (NYSE:MCRN) on Monday, October 5 with “Overweight” rating. The firm has “Buy” rating by Bank of America given on Tuesday, August 4. Credit Suisse initiated Milacron Holdings Corp (NYSE:MCRN) rating on Tuesday, August 4. Credit Suisse has “Neutral” rating and $23 target. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Tuesday, August 4. The firm has “Outperform” rating given on Tuesday, August 4 by William Blair. The firm earned “Neutral” rating on Tuesday, August 4 by Goldman Sachs.

More notable recent Milacron Holdings Corp (NYSE:MCRN) news were published by: Finance.Yahoo.com which released: “Milacron Holdings Corp. Reports First Quarter 2017 Results” on April 27, 2017, also Plasticsnews.com with their article: “Milacron launches direct sales, services in Benelux” published on February 03, 2017, Businesswire.com published: “Milacron Holdings Corp. To Host Investor Meeting” on April 21, 2017. More interesting news about Milacron Holdings Corp (NYSE:MCRN) were released by: Plasticsnews.com and their article: “Milacron to keep Ferromatik plant in Malterdingen, Germany, open through 2019” published on June 02, 2017 as well as Plasticsnews.com‘s news article titled: “Sepro starts making linear robots for Milacron in Europe” with publication date: April 07, 2017.

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