HMH Holding Inc (NASDAQ:HMH) Receives Consensus Rating of “Buy” from Analysts

Shares of HMH Holding Inc (NASDAQ:HMH) have been assigned an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $28.00.

Several equities analysts recently issued reports on HMH shares. Zacks Research upgraded HMH from a “strong sell” rating to a “hold” rating in a research report on Friday, July 24th. Evercore set a $24.00 price objective on HMH in a research report on Friday, August 7th. Finally, Stifel Nicolaus lifted their target price on HMH from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th.

HMH Price Performance

HMH stock opened at $17.77 on Friday. The stock has a market cap of $780.64 million and a P/E ratio of 42.31. The firm has a fifty day simple moving average of $19.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. HMH has a 12 month low of $16.32 and a 12 month high of $24.50.

HMH (NASDAQ:HMH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $170.82 million during the quarter. As a group, analysts anticipate that HMH will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On HMH

Hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in HMH in the 2nd quarter valued at $1,076,000. Readystate Asset Management LP acquired a new stake in shares of HMH in the 2nd quarter worth $1,499,000. State Street Corp purchased a new stake in shares of HMH in the second quarter valued at about $2,825,000. Finally, Citadel Advisors LLC purchased a new stake in shares of HMH in the second quarter valued at about $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.