HMH (NASDAQ:HMH) Stock Rating Lowered by JPMorgan Chase & Co.

HMH (NASDAQ:HMH) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat reports. They presently have a $15.00 price objective on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 37.11% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Evercore set a $24.00 price target on HMH in a report on Friday, August 7th. Zacks Research raised HMH from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price objective on HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $25.80.

HMH Stock Performance

Shares of HMH opened at $10.94 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.84 and a quick ratio of 1.82. The firm’s 50 day moving average is $18.36 and its 200-day moving average is $19.58. HMH has a 12-month low of $10.83 and a 12-month high of $24.50. The stock has a market capitalization of $480.59 million and a P/E ratio of 26.05.

HMH (NASDAQ:HMH) last issued its 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 company had revenue of $171.08 million for the quarter. Equities research analysts anticipate that HMH will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On HMH

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in HMH in the 3rd quarter valued at $31,000. Kornitzer Capital Management Inc. KS bought a new position in HMH in the 3rd quarter worth $490,000. State Street Corp acquired a new position in HMH during the 2nd quarter worth $2,825,000. Squarepoint Ops LLC acquired a new position in HMH during the 2nd quarter worth $1,076,000. Finally, Citadel Advisors LLC bought a new stake in HMH during the second quarter valued at 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.