HMH Holding Inc (NASDAQ:HMH) Stock Has Average Price Target of $28.00 According to Brokerages

Shares of HMH Holding Inc (NASDAQ:HMH) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $28.00.

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

HMH Price Performance

Shares of NASDAQ:HMH opened at $18.18 on Tuesday. The company’s fifty day moving average price is $19.03 and its 200 day moving average price is $19.81. HMH has a 12 month low of $16.32 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.97 and a quick ratio of 1.82. The firm has a market capitalization of $798.72 million and a P/E ratio of 43.29.

HMH (NASDAQ:HMH) last posted its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.19. The firm had revenue of $170.82 million during the quarter. As a group, sell-side analysts predict that HMH will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of HMH

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new stake in HMH during the second quarter worth $1,076,000. Readystate Asset Management LP purchased a new position in HMH during the second quarter worth $1,499,000. State Street Corp purchased a new stake in shares of HMH in the second quarter valued at $2,825,000. Finally, Citadel Advisors LLC purchased a new stake in HMH during the 2nd quarter worth 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.