Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.00.

HOLI has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Wednesday, August 15th. ValuEngine downgraded shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, Citigroup raised shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 15th.

A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Hollysys Automation Technologies by 1.0% in the 1st quarter. Franklin Resources Inc. now owns 2,802,995 shares of the industrial products company’s stock valued at $69,290,000 after purchasing an additional 28,946 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Hollysys Automation Technologies by 1.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,493,229 shares of the industrial products company’s stock valued at $36,913,000 after acquiring an additional 20,595 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Hollysys Automation Technologies by 65.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,356,737 shares of the industrial products company’s stock valued at $30,038,000 after acquiring an additional 537,268 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hollysys Automation Technologies by 17.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock valued at $27,058,000 after acquiring an additional 185,807 shares during the last quarter. Finally, FIL Ltd increased its stake in shares of Hollysys Automation Technologies by 43.3% during the 1st quarter. FIL Ltd now owns 1,140,366 shares of the industrial products company’s stock valued at $28,190,000 after acquiring an additional 344,451 shares during the last quarter. 70.45% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:HOLI opened at $21.11 on Wednesday. Hollysys Automation Technologies has a 52-week low of $16.00 and a 52-week high of $28.35. The firm has a market cap of $1.31 billion, a PE ratio of 11.86 and a beta of 1.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.01 and a quick ratio of 2.83.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a net margin of 19.82% and a return on equity of 13.36%. The firm had revenue of $147.24 million during the quarter, compared to analyst estimates of $141.59 million. During the same period in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts expect that Hollysys Automation Technologies will post 2.12 EPS for the current fiscal year.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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