HMH Holding Inc (NASDAQ:HMH) Stock Rated “Buy” by Sell-Side Brokerages

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

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

Institutional Inflows and Outflows

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

HMH Stock Up 0.4%

Shares of NASDAQ HMH opened at $18.62 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.97 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $19.83. HMH has a 52-week low of $16.32 and a 52-week high of $24.50. The company has a market capitalization of $817.98 million and a PE ratio of 44.33.

HMH (NASDAQ:HMH) last posted its earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19. The company had revenue of $170.82 million for the quarter. As a group, equities research analysts expect that HMH will post 1.21 earnings per share for the current year.

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.