HNI Corp [NYSE: HNI] gained 0.85% on the last trading session, reaching $50.85 price per share at the time.
If compared to the average trading volume of 356.89K shares, HNI reached a trading volume of 243680 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about HNI Corp [HNI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HNI shares is $61.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HNI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Sidoti have made an estimate for HNI Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 23, 2023. The new note on the price target was released on March 09, 2023, representing the official price target for HNI Corp stock. Previously, the target price had yet another raise to $38, while Sidoti analysts kept a Neutral rating on HNI stock.
The Average True Range (ATR) for HNI Corp is set at 1.27, with the Price to Sales ratio for HNI stock in the period of the last 12 months amounting to 0.95. The Price to Book ratio for the last quarter was 2.87, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for HNI in the course of the last twelve months was 10.90 with Quick ratio for the last quarter at 0.68.
Trading performance analysis for HNI stock
HNI Corp [HNI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.99. With this latest performance, HNI shares dropped by -6.08% in over the last four-week period, additionally plugging by 4.18% over the last 6 months – not to mention a rise of 27.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HNI stock in for the last two-week period is set at 50.76, with the RSI for the last a single of trading hit 57.76, and the three-weeks RSI is set at 48.05 for HNI Corp [HNI]. The present Moving Average for the last 50 days of trading for this stock 53.14, while it was recorded at 49.50 for the last single week of trading, and 49.56 for the last 200 days.
HNI Corp [HNI]: A deeper dive into fundamental analysis
HNI Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 1.09.
HNI Corp [HNI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HNI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HNI Corp go to 12.00%.
An analysis of Institutional ownership at HNI Corp [HNI]
There are presently around $82.01%, or 83.62%% of HNI stock, in the hands of institutional investors. The top three institutional holders of HNI stocks are: BLACKROCK INC. with ownership of 7.44 million shares, which is approximately 15.7875%. VANGUARD GROUP INC, holding 5.65 million shares of the stock with an approximate value of $$254.25 million in HNI stocks shares; and VANGUARD GROUP INC, currently with $$146.73 million in HNI stock with ownership which is approximately 6.9199%.
