Milacron Holdings (MCRN) Receives Price Target

Milacron Holdings (MCRN) : 4 Wall Street analysts covering Milacron Holdings (MCRN) believe that the average level the stock could reach for the short term is $19.75. The maximum price target given is $20 and the minimum target for short term is around $19, hence the standard deviation is calculated at $0.5.

Milacron Holdings (MCRN) : The consensus on Milacron Holdings (MCRN) based on 5 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.


Milacron Holdings (NYSE:MCRN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.31 and $17.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.46, notching a gain of 1.10% for the day. The total traded volume was 47,138 . The stock had closed at $17.27 on the previous day.

Milacron Holdings Corp. manufactures, distributes and services engineered and customized systems within the plastic technology and processing industry. The Companys product portfolio includes hot runner systems, injection molding, blow molding and extrusion equipment. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). Its APPT segment designs, manufactures and sells injection, extrusion and blow molding equipment, co-injection systems and related parts and services. The Companys MDCS segment designs, manufactures and sells hot runner and process control systems, mold bases and components, and sells maintenance repair and operations (MRO) supplies. Its Fluids segment is a manufacturer of synthetic and semi-synthetic lubricants and coolants used in various industrial metalworking applications.

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