Reaffirmed: Milacron (NYSE:MCRN) Buy Rating Maintained by Robert W. Baird; $23.0 Target in Place

February 18, 2018 - By Hazel Jackson

 Reaffirmed: Milacron (NYSE:MCRN) Buy Rating Maintained by Robert W. Baird; $23.0 Target in Place

Milacron (NYSE:MCRN) Rating Reaffirmed

They currently have a $23.0 target price per share on Milacron (NYSE:MCRN). The target price by Robert W. Baird would suggest a potential upside of 22.67 % from the company’s stock close price. This has been disclosed to clients in a research report on Friday morning.

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 has $25 highest and $14 lowest target. $20.57’s average target is 9.71% above currents $18.75 stock price. Milacron Holdings Corp had 14 analyst reports since August 4, 2015 according to SRatingsIntel. Barclays Capital initiated the stock with “Overweight” rating in Tuesday, August 4 report. The company was initiated on Tuesday, August 4 by Bank of America. Credit Suisse initiated the stock with “Neutral” rating in Tuesday, August 4 report. On Tuesday, August 4 the stock rating was initiated by Robert W. Baird with “Outperform”. On Tuesday, August 4 the stock rating was initiated by Goldman Sachs with “Neutral”. The stock of Milacron Holdings Corp. (NYSE:MCRN) earned “Overweight” rating by Barclays Capital on Monday, October 5. On Tuesday, August 4 the stock rating was initiated by KeyBanc Capital Markets with “Overweight”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, September 15 report. William Blair initiated Milacron Holdings Corp. (NYSE:MCRN) on Tuesday, August 4 with “Outperform” rating. The company was maintained on Wednesday, October 4 by Robert W. Baird.

The stock increased 0.59% or $0.11 during the last trading session, reaching $18.75. About 292,623 shares traded. Milacron Holdings Corp. (NYSE:MCRN) has risen 16.99% since February 18, 2017 and is uptrending. It has outperformed by 0.29% the S&P500.

Analysts await Milacron Holdings Corp. (NYSE:MCRN) to report earnings on February, 22. They expect $0.40 earnings per share, down 14.89 % or $0.07 from last year’s $0.47 per share. MCRN’s profit will be $27.78 million for 11.72 P/E if the $0.40 EPS becomes a reality. After $0.44 actual earnings per share reported by Milacron Holdings Corp. for the previous quarter, Wall Street now forecasts -9.09 % negative EPS growth.

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company has market cap of $1.30 billion. The firm operates through three divisions: Advanced Plastic Processing Technologies , Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). It currently has negative earnings. The APPT segment designs, makes, and sells injection molding, blow molding, and extrusion equipment; and auxiliary systems and related parts and service.

More recent Milacron Holdings Corp. (NYSE:MCRN) news were published by: Businesswire.com which released: “Milacron Holdings Corp. To Announce Fourth Quarter 2017 Results” on February 06, 2018. Also Seekingalpha.com published the news titled: “Milacron Holdings’ (MCRN) CEO Tom Goeke on Q1 2017 Results – Earnings Call …” on April 30, 2017. Nasdaq.com‘s news article titled: “Milacron (MCRN) to Report Q4 Earnings: A Surprise in Store?” with publication date: February 16, 2018 was also an interesting one.

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