Heidmar Maritime (NASDAQ:HMR) Stock Lifted to “Hold” by Zacks Research

Heidmar Maritime (NASDAQ:HMR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a research note on Thursday, August 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.62.

Heidmar Maritime Trading Up 3.0%

Shares of NASDAQ HMR opened at $1.72 on Wednesday. Heidmar Maritime has a 12-month low of $0.73 and a 12-month high of $2.02. The stock has a market cap of $101.46 million, a PE ratio of 86.04 and a beta of -0.49. The company has a 50-day moving average of $1.42 and a 200 day moving average of $1.18.

Heidmar Maritime (NASDAQ:HMR) last released its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $29.00 million for the quarter. Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. On average, sell-side analysts forecast that Heidmar Maritime will post 0.2 EPS for the current fiscal year.

About Heidmar Maritime

Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar’s activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.