Sun Hydraulics (NASDAQ:SNHY) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also commented on the stock. SunTrust Banks started coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating and set a $61.00 price target on the stock. in a research note on Friday, February 9th. KeyCorp started coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They issued an “overweight” rating and a $67.00 price target on the stock. William Blair started coverage on shares of Sun Hydraulics in a research note on Friday, February 23rd. They issued an “outperform” rating on the stock. Finally, Sidoti upgraded shares of Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Sun Hydraulics has an average rating of “Buy” and an average price target of $63.50.

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Sun Hydraulics (NASDAQ:SNHY) opened at $54.08 on Friday. Sun Hydraulics has a 52 week low of $34.17 and a 52 week high of $70.83. The company has a market cap of $1,757.47, a PE ratio of 46.22 and a beta of 1.79. The company has a quick ratio of 2.29, a current ratio of 3.20 and a debt-to-equity ratio of 0.43.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Monday, February 26th. The industrial products company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The business had revenue of $84.15 million for the quarter, compared to analyst estimates of $83.79 million. During the same quarter in the prior year, the business earned $0.18 EPS. Sun Hydraulics’s quarterly revenue was up 68.7% on a year-over-year basis. equities analysts forecast that Sun Hydraulics will post 1.88 earnings per share for the current year.

Several large investors have recently made changes to their positions in SNHY. Wasatch Advisors Inc. grew its position in shares of Sun Hydraulics by 94.6% during the 4th quarter. Wasatch Advisors Inc. now owns 1,469,841 shares of the industrial products company’s stock worth $95,084,000 after purchasing an additional 714,473 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Sun Hydraulics by 17.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,222,892 shares of the industrial products company’s stock worth $79,109,000 after purchasing an additional 184,415 shares in the last quarter. Royce & Associates LP grew its position in shares of Sun Hydraulics by 6.3% during the 3rd quarter. Royce & Associates LP now owns 2,263,053 shares of the industrial products company’s stock worth $122,205,000 after purchasing an additional 134,273 shares in the last quarter. WCM Investment Management CA grew its position in shares of Sun Hydraulics by 287.7% during the 4th quarter. WCM Investment Management CA now owns 127,860 shares of the industrial products company’s stock worth $8,271,000 after purchasing an additional 94,885 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Sun Hydraulics by 631.1% during the 4th quarter. First Trust Advisors LP now owns 53,095 shares of the industrial products company’s stock worth $3,435,000 after purchasing an additional 45,833 shares in the last quarter. Hedge funds and other institutional investors own 70.06% of the company’s stock.

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About Sun Hydraulics

Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.

Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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