HMH (NASDAQ:HMH) Raised 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 report issued on Wednesday, Zacks reports.

A number of other brokerages have also weighed in on HMH. Evercore set a $24.00 price target on shares of HMH in a research note on Friday, August 7th. Stifel Nicolaus raised their price objective on shares of HMH from $27.00 to $28.00 and gave the company a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

HMH Stock Down 22.5%

HMH opened at $11.94 on Wednesday. HMH has a 12 month low of $11.61 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.97 and a quick ratio of 1.82. The stock has a market cap of $524.57 million and a P/E ratio of 28.43. The stock’s 50 day moving average price is $18.52 and its 200 day moving average price is $19.64.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in HMH during the second quarter worth about $12,624,000. State Street Corp acquired a new stake in HMH in the 2nd quarter valued at about $2,825,000. Readystate Asset Management LP acquired a new stake in HMH in the 2nd quarter valued at about $1,499,000. Squarepoint Ops LLC acquired a new stake in HMH in the 2nd quarter valued at about $1,076,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of HMH during the 3rd 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.