Hollysys Automation Technologies (NASDAQ:HOLI) Stock Rating Upgraded by Zacks Investment Research

Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Zacks.com reports. The firm currently has a $17.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 4.62% from the company’s current price.

According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “

HOLI has been the subject of a number of other research reports. TheStreet downgraded shares of Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research report on Monday, August 5th. BidaskClub downgraded shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, July 19th. Finally, ValuEngine downgraded shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Hollysys Automation Technologies currently has an average rating of “Hold” and an average price target of $21.50.

HOLI stock opened at $16.25 on Friday. Hollysys Automation Technologies has a 12-month low of $13.59 and a 12-month high of $24.10. The company has a market cap of $922.63 million, a price-to-earnings ratio of 7.19 and a beta of 1.36. The company has a 50 day moving average of $17.57 and a two-hundred day moving average of $19.43.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Wednesday, August 14th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.14). Hollysys Automation Technologies had a return on equity of 15.34% and a net margin of 21.96%. The company had revenue of $156.99 million during the quarter, compared to analysts’ expectations of $162.75 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that Hollysys Automation Technologies will post 2.4 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Hollysys Automation Technologies by 167.0% during the 2nd quarter. CWM LLC now owns 1,335 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Hollysys Automation Technologies by 131.3% during the 2nd quarter. Royal Bank of Canada now owns 1,735 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 985 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Hollysys Automation Technologies by 186.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,944 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,265 shares in the last quarter. US Bancorp DE raised its holdings in shares of Hollysys Automation Technologies by 54.6% during the 2nd quarter. US Bancorp DE now owns 3,144 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Quantamental Technologies LLC raised its holdings in shares of Hollysys Automation Technologies by 440.4% during the 2nd quarter. Quantamental Technologies LLC now owns 3,361 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 2,739 shares in the last quarter. Institutional investors and hedge funds own 73.81% 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.

Featured Story: How does equity income fit into an investing strategy?

Get a free copy of the Zacks research report on Hollysys Automation Technologies (HOLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hollysys Automation Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies and related companies with MarketBeat.com's FREE daily email newsletter.