Asia FX muted despite Fed cut bets; Japanese yen slides after PM Ishiba resigns
Investing.com - KeyBanc raised its price target on Helios Technologies (NYSE:HLIO) to $61.00 from $45.00 on Friday, while maintaining an Overweight rating on the stock. The company’s shares have shown remarkable momentum, with a 46% return over the past six months. According to InvestingPro data, the stock currently trades at a P/E ratio of 51.6x, suggesting premium valuation levels.
The investment firm’s decision follows meetings between Helios Tech CEO Sean Bagan and investors, which KeyBanc analysts attended.
KeyBanc expressed encouragement about numerous self-help initiatives emerging within the company under the new CEO’s leadership, noting that most of Helios Tech’s end markets have found a bottom and are showing early signs of improvement.
The firm expects Helios shares to outperform as these self-help initiatives demonstrate results and as industrial end markets more clearly recover.
KeyBanc reiterated its Overweight rating on Helios Technologies stock alongside the significant 35.6% increase in its price target.
In other recent news, Helios Technologies Inc. reported impressive second-quarter results for 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $0.59, which exceeded the anticipated $0.50. Additionally, Helios Technologies reported revenue of $212.5 million, outperforming the forecasted $201.47 million. These results highlight the company’s strong financial performance in the recent quarter. Following the earnings announcement, the company’s stock experienced significant interest from investors. Analysts had projected different figures, but Helios Technologies managed to exceed those expectations. These developments reflect recent positive momentum for the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.