HMH (NASDAQ:HMH) Stock Gets Price Target Cut from Piper Sandler

HMH (NASDAQ:HMH) had its price target decreased by Piper Sandler from $32.00 to $26.00 in a research note released on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on HMH. Zacks Research raised HMH from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. cut HMH from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a research note on Friday, November 6th. Stifel Nicolaus increased their target price on shares of HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Evercore set a $24.00 target price on HMH in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $24.60.

HMH Trading Up 10.9%

Shares of HMH stock opened at $11.72 on Monday. 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 1 year low of $10.31 and a 1 year high of $24.50. The business has a fifty day simple moving average of $17.87 and a two-hundred day simple moving average of $19.42.

HMH (NASDAQ:HMH) last posted its earnings results 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 for the quarter. On average, research analysts anticipate that HMH will post 0.44 earnings per share for the current year.

Institutional Trading of HMH

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

About HMH

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.