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SNHY

Sun Hydraulics

$55.48

-0.74 (-1.32%)

16:02
02/19/18
02/19
16:02
02/19/18
16:02

Sun Hydraulics announces acquisition of Faster Group

Sun Hydraulics announced that it has entered into a definitive agreement to acquire the shares of Faster Group from Capvis Equity IV LP, a fund advised by the Swiss private equity firm Capvis Equity Partners AG, and other co-investors for approximately $531M in cash. The acquisition will be funded with approximately $161M of cash on hand and $370M drawn against the company's revolving credit facility, including exercise of the revolver's accordion. The acquisition is expected to close in the second quarter of 2018 and is subject to typical closing conditions.

  • 27

    Feb

SNHY Sun Hydraulics
$55.48

-0.74 (-1.32%)

02/05/18
KEYB
02/05/18
INITIATION
Target $67
KEYB
Overweight
Sun Hydraulics initiated with an Overweight at KeyBanc
KeyBanc analyst Jeffrey Hammond started Sun Hydraulics with an Overweight rating and $67 price target. The analyst views the recent pullback in the shares as creating a "compelling" entry point and believe the company's acquisition is a "meaningful catalyst" for upward earnings revisions.
02/05/18
RHCO
02/05/18
INITIATION
Target $64
RHCO
Buy
Sun Hydraulics initiated with a Buy at SunTrust
SunTrust analyst Charles Brady initiated Sun Hydraulics with a Buy rating and a price target of $64, saying it is "still in the early stages of transformation to a high growth, high margin company with a valuation that does not yet recognize the company's above average organic growth potential". Brady sees Sun Hydraulics' organic growth to be in the high single digits to mid-teens, thanks to new products as well as expansion to new markets along with "meaningful" top-line growth from M&A.
02/05/18
02/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kellogg (K) initiated with a Buy at Pivotal Research. 2. MBIA (MBI) initiated with a Market Perform at Keefe Bruyette. 3. AxoGen (AXGN) initiated with an Outperform at William Blair. 4. Ctrip (CTRP) initiated with a Hold at Deutsche Bank. 5. Sun Hydraulics (SNHY) was initiated with a Buy at SunTrust and an Overweight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/18
SIDC
02/13/18
UPGRADE
Target $69
SIDC
Buy
Sun Hydraulics upgraded to Buy from Neutral at Sidoti
Sidoti analyst Joseph Mondillo upgraded Sun Hydraulics to Buy and raised its price target to $69 from $61. Mondillo thinks Sun Hydraulics' valuation should reflect the strengthening balance sheet and higher multiple from rising earnings estimates due to acquisitions.

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XRX

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TEF

Telefonica

$8.70

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BOX

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ALDX

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VIX

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$NSD

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$NYE

NYSE Market Internals

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