ValuEngine Upgrades Milacron (NYSE:MCRN) to Sell

ValuEngine upgraded shares of Milacron (NYSE:MCRN) from a strong sell rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

MCRN has been the subject of several other research reports. Zacks Investment Research cut Milacron from a hold rating to a strong sell rating in a research report on Monday, March 11th. Robert W. Baird decreased their target price on Milacron from $24.00 to $21.00 and set an outperform rating for the company in a research report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $19.00.

MCRN opened at $13.04 on Thursday. The firm has a market cap of $898.90 million, a PE ratio of 7.33, a P/E/G ratio of 1.99 and a beta of 1.67. Milacron has a fifty-two week low of $11.11 and a fifty-two week high of $22.09.

Milacron (NYSE:MCRN) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $248.70 million during the quarter, compared to analyst estimates of $279.52 million. Milacron had a negative return on equity of 74.38% and a net margin of 2.91%. The company’s revenue was down 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. On average, research analysts anticipate that Milacron will post 1.38 earnings per share for the current year.

Several institutional investors have recently modified their holdings of MCRN. Advisory Services Network LLC raised its holdings in shares of Milacron by 998.8% during the fourth quarter. Advisory Services Network LLC now owns 4,395 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 3,995 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Milacron during the fourth quarter worth $61,000. PNC Financial Services Group Inc. raised its holdings in shares of Milacron by 26.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,751 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 1,417 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Milacron during the first quarter worth $91,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Milacron during the first quarter worth $97,000.

Milacron Company Profile

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 operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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