Hollysys Automation Technologies (HOLI) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a neutral rating to an overweight rating in a report released on Wednesday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $26.00 price target on the industrial products company’s stock, up from their prior price target of $23.00.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Hollysys Automation Technologies from a sell rating to a hold rating in a research report on Thursday, April 4th. BidaskClub upgraded Hollysys Automation Technologies from a hold rating to a buy rating in a report on Tuesday, April 9th. TheStreet upgraded Hollysys Automation Technologies from a c+ rating to a b- rating in a report on Friday, January 25th. Finally, Zacks Investment Research downgraded Hollysys Automation Technologies from a hold rating to a sell rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $26.50.

Shares of HOLI opened at $20.95 on Wednesday. Hollysys Automation Technologies has a 1 year low of $16.00 and a 1 year high of $27.85. The stock has a market cap of $1.26 billion, a PE ratio of 10.42 and a beta of 1.40.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Friday, February 15th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.10. Hollysys Automation Technologies had a return on equity of 14.25% and a net margin of 21.87%. The company had revenue of $149.46 million during the quarter. On average, research analysts predict that Hollysys Automation Technologies will post 2.08 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Deutsche Bank AG increased its holdings in Hollysys Automation Technologies by 44.0% in the fourth quarter. Deutsche Bank AG now owns 61,778 shares of the industrial products company’s stock worth $1,081,000 after purchasing an additional 18,883 shares in the last quarter. Geode Capital Management LLC increased its holdings in Hollysys Automation Technologies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 49,945 shares of the industrial products company’s stock worth $874,000 after purchasing an additional 915 shares in the last quarter. Norges Bank bought a new stake in Hollysys Automation Technologies in the fourth quarter worth approximately $16,753,000. River & Mercantile Asset Management LLP increased its holdings in Hollysys Automation Technologies by 39.9% in the fourth quarter. River & Mercantile Asset Management LLP now owns 368,211 shares of the industrial products company’s stock worth $6,455,000 after purchasing an additional 105,100 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Hollysys Automation Technologies in the fourth quarter worth approximately $963,000. Institutional investors and hedge funds own 73.92% of the company’s stock.

Hollysys Automation Technologies Company Profile

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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