H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Cut to Hold at Royal Bank of Canada

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was downgraded by equities research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on HNNMY. Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. Redburn Atlantic cut shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Down 0.4 %

HNNMY opened at $2.74 on Tuesday. H & M Hennes & Mauritz AB has a 12 month low of $2.54 and a 12 month high of $3.69. The company has a market cap of $19.40 billion, a PE ratio of 22.84 and a beta of 1.45. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $3.07 and a 200 day moving average of $3.18.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. On average, sell-side analysts expect that H & M Hennes & Mauritz AB will post 0.15 EPS for the current year.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.