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

Key Points

• Analysts maintain a bullish view: Seven research firms give HMH an average “Buy” rating, with a consensus 12-month price target of $28.00 versus the stock’s $18.62 opening price.
• HMH reported quarterly earnings of $0.42 per share, beating the $0.23 analyst consensus, while generating $170.82 million in revenue.
• Institutional investors showed increased interest during the second quarter, with Citadel Advisors acquiring approximately $12.6 million of HMH shares and State Street purchasing about $2.8 million.

Shares of HMH Holding Inc (NASDAQ:HMH - Get Free Report) have earned an average rating of "Buy" from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.00.

Several research analysts have weighed in on the stock. Evercore set a $24.00 price objective on shares of HMH in a report on Friday, August 7th. Zacks Research upgraded shares of HMH from a "strong sell" rating to a "hold" rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus increased 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.

HMH Stock Up 0.4%

Shares of HMH opened at $18.62 on Friday. The firm has a market cap of $817.98 million and a price-to-earnings ratio of 44.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. The firm 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.

HMH (NASDAQ:HMH - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.19. The company had revenue of $170.82 million for the quarter. On average, equities analysts expect that HMH will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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