Extremely significant positive changes in Hillenbrand Inc (NYSE: HI) investment behavior have recently occurred: its shorter term price trend turned up, its longer term price trend turned up, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HI is expected to continue to be a Value Builder.
Hillenbrand has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Hillenbrand has a good Appreciation Score of 76 but a slightly negative Power Rating of 31, leading to the Neutral Value Trend Rating.
Recent Price Action
On 12/21/23, Hillenbrand Inc (NYSE: HI) stock rose modestly by 0.8%, closing at $46.29. Moreover, trading volume in this advance was exceptionally high at 202% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.7% during the last week.
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