Milacron (MCRN) Hits 52-Week High On Solid Order Growth
Zacks Investment Research | Jun 19, 2017 10:37PM ET
With enhanced focus on capture the rising demand of plastics, solid order growth and cost-reduction initiatives, Milacron Holdings Corp. (NYSE:MCRN) crafted a 52-week high of $19.45 on Jun 19, before closing at $19.33.
Milacron has a healthy year-to-date return of 3.8% and a solid one-year return of 17.3%. The company displays long-term earnings growth rate of 9.9%, making us confident of its innate strength.
Despite scaling a 52-week high, the company’s share price has underperformed the Zacks categorized Manufacturing-Material Handling sector over the last 12 months. The current rate of return for the industry is 26.6%, while that of Milacron is 17.3%.
The stock has a market cap of $1.3 billion. Average volume of shares traded over the last three months was approximately 488K. We note that the company has beaten the Zacks Consensus Estimate in three out of the trailing four quarters, the average positive earnings surprise being 9.23%.
Milacron Holdings Corp. Price and Consensus
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