H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Receives Average Recommendation of “Moderate Buy” from Analysts

Posted by Matthew Steigler on Aug 7th, 2024

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY – Get Free Report) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of brokerages recently issued reports on HNNMY. HSBC upgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th. Deutsche Bank Aktiengesellschaft upgraded H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada raised H & M Hennes & Mauritz AB (publ) from a “sector perform” rating to an “outperform” rating in a report on Friday, May 17th.

Read Our Latest Stock Analysis on HNNMY

H & M Hennes & Mauritz AB (publ) Trading Down 1.4 %

H & M Hennes & Mauritz AB (publ) stock opened at $2.92 on Wednesday. The business has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $3.08. The company has a market cap of $20.68 billion, a P/E ratio of 22.46 and a beta of 1.41. H & M Hennes & Mauritz AB has a 52-week low of $2.52 and a 52-week high of $3.69. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.18.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY – Get Free Report) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.58 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 24.48% and a net margin of 4.70%. Analysts predict that H & M Hennes & Mauritz AB will post 0.16 EPS for the current year.

About H & M Hennes & Mauritz AB (publ)

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H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.