HMH Holding Inc (HMH) – What Are Investment Firms Saying About This Stock?

Shares of HMH Holding Inc (NASDAQ:HMH) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $28.00.

HMH has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Zacks Research upgraded HMH from a “strong sell” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Evercore set a $24.00 price objective on shares of HMH in a report on Friday, August 7th.

HMH Stock Up 0.6%

NASDAQ HMH opened at $17.38 on Tuesday. The company has a market capitalization of $763.50 million and a price-to-earnings ratio of 41.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. The stock has a 50-day simple moving average of $19.21. HMH has a twelve month low of $16.32 and a twelve month high of $24.50.

HMH (NASDAQ:HMH) last released its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.19. The business had revenue of $170.82 million for the quarter. Research analysts expect that HMH will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On HMH

Several hedge funds have recently modified their holdings of HMH. Citadel Advisors LLC bought a new position in shares of HMH during the second quarter worth $12,624,000. State Street Corp purchased a new position in HMH during the second quarter valued at $2,825,000. Readystate Asset Management LP purchased a new position in HMH during the second quarter valued at $1,499,000. Finally, Squarepoint Ops LLC bought a new stake in HMH in the 2nd quarter valued at $1,076,000.

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.