HMH (NASDAQ:HMH) Stock Rating Raised to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of HMH (NASDAQ:HMH) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks reports.

Other analysts have also issued research reports about the company. Stifel Nicolaus increased their price target on HMH from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Evercore set a $24.00 price objective on shares of HMH in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $28.00.

HMH Trading Down 22.5%

Shares of HMH stock opened at $11.94 on Wednesday. HMH has a 1 year low of $11.61 and a 1 year 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’s 50 day simple moving average is $18.52 and its two-hundred day simple moving average is $19.64. The company has a market cap of $524.57 million and a PE ratio of 28.43.

HMH (NASDAQ:HMH) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.14). The firm had revenue of $171.08 million during the quarter. Research analysts predict that HMH will post 1.73 earnings per share for the current year.

Institutional Trading of HMH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS bought a new position in shares of HMH during the third quarter valued at approximately $490,000. Squarepoint Ops LLC purchased a new stake in shares of HMH in the second quarter worth approximately $1,076,000. Readystate Asset Management LP purchased a new stake in shares of HMH in the second quarter worth approximately $1,499,000. State Street Corp purchased a new stake in shares of HMH in the second quarter worth approximately $2,825,000. Finally, Citadel Advisors LLC bought a new stake in shares of HMH during the 2nd quarter worth approximately $12,624,000.

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.