HMH (NASDAQ:HMH) Upgraded to “Strong-Buy” at Zacks Research

HMH (NASDAQ:HMH) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other research firms have also recently issued reports on HMH. Evercore set a $24.00 price objective on HMH in a report on Friday, August 7th. Stifel Nicolaus raised their price objective on HMH from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, HMH currently has a consensus rating of “Buy” and an average price target of $28.00.

HMH Stock Down 22.5%

Shares of NASDAQ:HMH opened at $11.94 on Wednesday. HMH has a 52-week low of $11.61 and a 52-week high of $24.50. The firm has a fifty day moving average of $18.52 and a 200 day moving average of $19.64. The firm has a market capitalization of $524.57 million and a PE ratio of 28.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97.

HMH (NASDAQ:HMH) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.14). The business had revenue of $171.08 million during the quarter. As a group, research analysts anticipate that HMH will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On HMH

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in HMH in the second quarter worth $12,624,000. State Street Corp purchased a new stake in HMH during the second quarter valued at about $2,825,000. Readystate Asset Management LP bought a new position in shares of HMH during the second quarter valued at about $1,499,000. Squarepoint Ops LLC bought a new position in shares of HMH during the second quarter valued at about $1,076,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of HMH during the third quarter valued at about $490,000.

HMH Company Profile

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.