Helios Technologies (HLIO, Financial) has recently garnered attention in the stock market following an analyst rating update by Keybanc. The latest report, authored by analyst Jeffrey Hammond, has upgraded the company's rating from 'Sector Weight' to 'Overweight.'
Despite the change in rating, the price target for Helios Technologies (HLIO, Financial) remains steady at USD 40.00, reflecting a maintained confidence in the company's valuation. The prior price target was also set at USD 40.00, indicating no variation in pricing expectations according to Keybanc's latest assessment.
This upgrade comes as part of Keybanc’s continuous monitoring and evaluation of Helios Technologies (HLIO, Financial), as the company progresses in its operations and strategic initiatives. Investors and stakeholders will be keen to observe how this new rating affects the company's performance in the coming quarters.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Helios Technologies Inc (HLIO, Financial) is $44.67 with a high estimate of $49.00 and a low estimate of $39.00. The average target implies an upside of 41.71% from the current price of $31.52. More detailed estimate data can be found on the Helios Technologies Inc (HLIO) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Helios Technologies Inc's (HLIO, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Helios Technologies Inc (HLIO, Financial) in one year is $45.41, suggesting a upside of 44.07% from the current price of $31.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Helios Technologies Inc (HLIO) Summary page.
