Milacron Holdings Corp (NYSE:MCRN) Has Just Had Its Price Objective Diminished by Stock Analysts at JP Morgan to $15.00

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Analysis: Milacron Holdings Corp (NYSE:MCRN) Stock Target Increased Today

In an analyst note distributed by JP Morgan on Friday, 11 December, the firm, Milacron Holdings Corp (NYSE:MCRN), had their target price lowered to $15.00. Analusts right now have a solid “Neutral” rating on the stock.

From a total of 7 analysts covering Milacron Holdings Corp (NYSE:MCRN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $21 while the lowest target price is $18. The mean of all analyst targets is $19.57 with a 69.87% above today’s ($12.78) stock price. Milacron Holdings Corp was the topic of 9 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on October 5 with “Overweight” rating. KeyBanc Capital Markets initiated shares with “Overweight” rating and $22 target share price in a report from an August 4. Credit Suisse initiated MCRN stock in a recent report from August 4 with “Neutral” rating. Robert W. Baird initiated the rating on August 4. Robert W. Baird has a “Outperform” rating and a $24 price target on shares. Finally, JP Morgan initiated the stock with “Neutral” rating in a report issued on an August 4.

Approximately 244,494 shares of stock traded hands or 36.79% up from the average. Milacron Holdings Corp (NYSE:MCRN) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 9.02% the S&P500.

Milacron Holdings Corp. manufactures, distributes and services engineered and customized systems within the plastic technology and processing industry. The company has a market cap of $875.48 million. The Company’s product portfolio includes hot runner systems, injection molding, blow molding and extrusion equipment. It currently has negative earnings. The Firm operates through three divisions: Advanced Plastic Processing Technologies , Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

According to Zacks Investment Research, “Milacron Holdings Corp. manufactures, distributes and services engineered and customized systems within the plastic technology and processing industry. The Company’s operating segments consists of Advanced Plastic Processing Technologies, Melt Delivery and Control Systems and Fluid Technologies. Advanced Plastic Processing Technologies segment designs, manufactures and sells injection, extrusion and blow molding equipment, co-injection systems and related parts and services. Melt Delivery and Control Systems segment designs, manufactures and sells hot runner and process control systems, mold bases and components and sells maintenance repair and operations supplies. Fluids Technologies segment formulates, manufactures and sells coolants, lubricants, process cleaners and corrosion inhibitors. Milacron Holdings Corp. is headquartered in Cincinnati, Ohio.” Get a free copy of the Zacks research report on Milacron Holdings Corp (MCRN).

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