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

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

Other research analysts have also issued research reports about the company. Zacks Research raised HMH from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Stifel Nicolaus upped their price objective 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. Finally, Evercore set a $24.00 target price on shares of HMH in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $25.80.

HMH Price Performance

NASDAQ:HMH opened at $11.94 on Friday. The firm has a market capitalization of $524.57 million and a price-to-earnings ratio of 28.43. HMH has a 52-week low of $11.61 and a 52-week high of $24.50. The stock has a fifty day moving average of $18.52 and a 200 day moving average of $19.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97.

HMH (NASDAQ:HMH) last announced its earnings results 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 business had revenue of $171.08 million during the quarter. On average, research analysts expect that HMH will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On HMH

Institutional investors have recently modified their holdings of the company. Kornitzer Capital Management Inc. KS purchased a new position in shares of HMH during the 3rd quarter valued at about $490,000. Squarepoint Ops LLC bought a new stake in HMH in the 2nd quarter worth approximately $1,076,000. Readystate Asset Management LP purchased a new stake in HMH in the second quarter worth approximately $1,499,000. State Street Corp purchased a new stake in HMH in the second quarter worth approximately $2,825,000. Finally, Citadel Advisors LLC bought a new position in HMH during the second quarter valued at approximately $12,624,000.

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.