Zacks Research upgraded shares of HMH (NASDAQ:HMH – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks reports.
Other analysts have also issued research reports about the stock. Evercore set a $24.00 price target on shares of HMH in a report on Friday, August 7th. Stifel Nicolaus lifted their target price on HMH from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $25.80.
View Our Latest Research Report on HMH
HMH Stock Down 8.4%
Shares of NASDAQ HMH opened at $10.94 on Wednesday. The company has a 50 day simple moving average of $18.36 and a 200-day simple moving average of $19.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.97 and a quick ratio of 1.82. HMH has a 1 year low of $10.83 and a 1 year high of $24.50. The company has a market capitalization of $480.59 million and a P/E ratio of 26.05.
HMH (NASDAQ:HMH – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.14). The business had revenue of $171.08 million for the quarter. On average, equities research analysts predict that HMH will post 1.73 earnings per share for the current year.
Hedge Funds Weigh In On HMH
Several institutional investors and hedge funds have recently modified their holdings of HMH. Russell Investments Group Ltd. purchased a new stake in shares of HMH in the 3rd quarter valued at approximately $31,000. Kornitzer Capital Management Inc. KS purchased a new stake in HMH in the 3rd quarter valued at approximately $490,000. State Street Corp acquired a new stake in HMH in the second quarter valued at $2,825,000. Squarepoint Ops LLC acquired a new stake in shares of HMH during the second quarter valued at $1,076,000. Finally, Citadel Advisors LLC purchased a new position in shares of HMH during the 2nd quarter worth about $12,624,000.
About HMH
We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.
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