17.10 -0.01 (-0.06%)
After hours: 4:02PM EDT
|Bid||17.06 x 900|
|Ask||17.07 x 1400|
|Day's Range||17.02 - 17.33|
|52 Week Range||11.11 - 22.09|
|Beta (3Y Monthly)||2.45|
|PE Ratio (TTM)||34.99|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Milacron's (MCRN) latest agreement with Hillenbrand poised to bank on emerging trends across the plastic-value chain, with a broader global scale, product diversification and a solid global presence.
Hillenbrand stock fell 13% to $33.87 on Friday after the company agreed to acquire the plastics-processing equipment maker Milacron. But that reaction may be shortsighted.
Shares of Milacron Holdings Corp. soared 21% toward a 9-month high in premarket trading Friday, after the plastic technology and processing company agreed to be acquired by Hillenbrand Inc. in a cash and stock deal valued at $2 billion. Meanwhile, Hillenbrand's stock tumbled 15% toward a 2 1/2-year low ahead of the open. Under terms of the deal, Milacron shareholders will receive $11.80 in cash and 0.1612 Hillenbrand shares for each Milacron share they own. Based on Thursday's stock closing prices, that values Milacron shares at $18.07 each, a 33.5% premium. Hillenbrand expects the deal, which is anticipated to close in the first quarter of 2020, to add to increase adjusted earnings in the "double-digit" range in the first year after closing, and deliver annualized cost synergies of about $50 million within three years. Hillenbrand's stock has gained 2.5% year to date through Thursday, while Milacron shares have rallied 14% and the S&P 500 has gained 20%.
One of Cincinnati's largest public companies, Milacron Holdings Corp., announced Friday that it is being acquired for $2 billion by another Greater Cincinnati public company.
Hillenbrand Inc. (NYSE: HI ) will acquire Milacron Holdings Corp. (NYSE: MCRN ) in a cash and stock transaction valued at $2 billion including net debt of $686 million as of March 31. The deal has been ...
Industrial equipment maker Hillenbrand Inc on Friday agreed to buy plastics-processing equipment maker Milacron Holdings Corp in a cash and stock deal valued at about $2 billion, the companies said. Hillenbrand's $18.07 per share offer represents about 33.6% premium to Milacron's closing price on Thursday. Milacron shares jumped 23% to $17.05 in before the opening bell.
The Dow, the S&P; 500, and the Nasdaq all closed at record highs Friday as Wall Street bets on a rate cut from the Federal Reserve.
Industrial equipment maker Hillenbrand is buying plastics-processing equipment maker Milacron Holdings in a cash-and-stock deal valued at about $2 billion including debt.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Milacron Holdings (MCRN) intends to mitigate the tariffs-related headwinds by focusing on pricing actions, negotiations with existing vendors and making supply chain modifications.
Milacron Holdings Corp NYSE:MCRNView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for MCRN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MCRN. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MCRN are favorable, with net inflows of $1.27 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Tom Goeke has been the CEO of Milacron Holdings Corp. (NYSE:MCRN) since 2012. This analysis aims first to contrast CEO...
Milacron Holdings (MCRN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Impact of tariffs and lower orders continues to impact Milacron Holdings (MCRN). However, pricing actions and rising demand will eventually aid share performance.
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Greater Cincinnati stocks plunged along with the stock market Monday amid the escalating trade battle between the U.S. and China.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]