HMH Holding Inc (NASDAQ:HMH) Stock Now Rated "Buy" by Wall Street Brokerages

Key Points

• Analysts rate HMH a “Buy” overall: Five analysts recommend buying, one rates it a strong buy, and one recommends holding. The average 12-month price target is $28.00, above the stock’s reported opening price of $17.38.
• HMH exceeded quarterly earnings expectations, reporting EPS of $0.42 versus the $0.23 consensus estimate, with revenue of $170.82 million.
• Several institutional investors initiated positions in HMH during the second quarter, including Citadel Advisors, State Street, Readystate Asset Management, and Squarepoint Ops.

HMH Holding Inc (NASDAQ:HMH - Get Free Report) has been given an average recommendation of "Buy" by the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.00.

Several research analysts have recently commented on HMH shares. Zacks Research raised HMH from a "strong sell" rating to a "hold" rating in a research note on Friday, July 24th. Evercore set a $24.00 target price on shares of HMH in a report on Friday, August 7th. Finally, Stifel Nicolaus raised 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.

HMH Stock Performance

NASDAQ HMH opened at $17.38 on Tuesday. The stock has a market capitalization of $763.50 million and a P/E ratio of 41.38. 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 firm's fifty day moving average is $19.21. HMH has a fifty-two week low of $16.32 and a fifty-two 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 (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. On average, sell-side analysts forecast that HMH will post 1.16 EPS for the current year.

Hedge Funds Weigh In On HMH

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of HMH in the second quarter worth $12,624,000. State Street Corp purchased a new position in shares of HMH during the 2nd quarter valued at $2,825,000. Readystate Asset Management LP purchased a new position in shares of HMH during the 2nd quarter valued at $1,499,000. Finally, Squarepoint Ops LLC purchased a new position in shares of HMH during the 2nd quarter valued at $1,076,000.

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.

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