HMH (NASDAQ:HMH) Stock Rating Cut to Hold at Zacks Research

Zacks Research lowered shares of HMH (NASDAQ:HMH) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks reports.

Several other equities analysts also recently commented on HMH. Stifel Nicolaus raised their target price on HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Evercore set a $24.00 price target on HMH in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered HMH from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday, November 6th. Finally, Piper Sandler cut their price objective on HMH from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, HMH presently has a consensus rating of “Moderate Buy” and an average price target of $24.60.

HMH Stock Up 10.9%

Shares of HMH opened at $11.72 on Tuesday. The stock has a market cap of $514.91 million and a price-to-earnings ratio of 14.29. The company has a quick ratio of 1.72, a current ratio of 2.84 and a debt-to-equity ratio of 0.23. HMH has a 12 month low of $10.31 and a 12 month high of $24.50. The company has a 50-day moving average price of $17.87 and a two-hundred day moving average price of $19.42.

HMH (NASDAQ:HMH) last released its quarterly earnings data 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 business had revenue of $171.08 million during the quarter. Equities analysts predict that HMH will post 0.44 EPS for the current fiscal year.

Institutional Trading of HMH

Several hedge funds have recently modified their holdings of the company. Boston Partners bought a new position in shares of HMH in the third quarter valued at approximately $405,000. Russell Investments Group Ltd. acquired a new position in shares of HMH in the 3rd quarter worth approximately $31,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of HMH in the 3rd quarter worth approximately $490,000. State Street Corp bought a new stake in HMH during the 2nd quarter worth approximately $2,825,000. Finally, Squarepoint Ops LLC bought a new stake in HMH during the 2nd quarter worth approximately $1,076,000.

HMH Company Profile

HMH Holding Inc. provides drilling equipment, systems and services for the global energy industry. Its offerings include drilling and well-control systems, equipment for offshore rigs, and aftermarket support such as maintenance, upgrades and spare parts. The company serves drilling contractors and energy operators in offshore and onshore markets. Its operations bring together the MHWirth business and Baker Hughes’ subsea drilling systems business, which combined to form HMH.