HMH (NASDAQ:HMH) Stock Rating Lowered by JPMorgan Chase & Co.

HMH (NASDAQ:HMH) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Friday, Marketbeat reports. They currently have a $15.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 25.63% from the stock’s previous close.

HMH has been the topic of several other reports. Evercore set a $24.00 target price on shares of HMH in a research note on Friday, August 7th. Zacks Research raised shares of HMH from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted 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. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $25.80.

HMH Price Performance

Shares of HMH stock opened at $11.94 on Friday. 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 business’s 50 day simple moving average is $18.52 and its two-hundred day simple moving average is $19.64. The stock has a market capitalization of $524.57 million and a P/E ratio of 28.43. HMH has a one year low of $11.61 and a one year high of $24.50.

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 firm had revenue of $171.08 million during the quarter. Analysts forecast that HMH will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

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

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.