HMH (NASDAQ:HMH) Upgraded at Zacks Research

HMH (NASDAQ:HMH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

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

HMH Stock Performance

Shares of HMH stock opened at $11.94 on Wednesday. The company has a market capitalization of $524.57 million and a P/E ratio of 28.43. HMH has a fifty-two week low of $11.61 and a fifty-two week high of $24.50. 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 moving average price of $18.52 and a two-hundred day moving average price of $19.64.

HMH (NASDAQ:HMH) last issued its earnings results 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 for the quarter. Analysts expect that HMH will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HMH. Kornitzer Capital Management Inc. KS purchased a new stake in HMH in the 3rd quarter worth approximately $490,000. Squarepoint Ops LLC bought a new stake in shares of HMH in the 2nd quarter worth approximately $1,076,000. Readystate Asset Management LP bought a new stake in shares of HMH in the 2nd quarter worth approximately $1,499,000. State Street Corp purchased a new position in shares of HMH during the second quarter valued at approximately $2,825,000. Finally, Citadel Advisors LLC purchased a new position in shares of HMH during the second quarter valued at approximately $12,624,000.

About HMH

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.