On September 28, 2023, research analysts at Bank of America downgraded H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a “buy” rating to a “neutral” rating in a research report issued to clients and investors. This news has had an impact on the company’s shares, which opened at $2.84 on Thursday.
H&M is a well-known fashion retailer with a global presence. The company has been experiencing some fluctuations in its stock performance recently, as indicated by its 50-day and two-hundred day simple moving averages of $3.01 and $2.87 respectively. Such indicators provide insights into the historical price trends and help investors make informed decisions.
Furthermore, it’s important to note that H&M has a debt-to-equity ratio of 1.14, suggesting that the company relies more on debt financing than equity for funding its operations. Additionally, the current ratio of 1.05 and quick ratio of 0.52 indicate the company’s ability to meet short-term obligations.
In terms of market capitalization, H&M currently stands at $20.38 billion, indicating its significant size within the industry. Its price-to-earnings (PE) ratio is 56.81, which helps investors assess the relative value of its stock compared to its earnings.
One notable factor that investors may consider is H&M’s beta of 1.47, which measures its sensitivity to market movements compared to the overall market. A beta above 1 suggests that the stock is more volatile than the overall market.
Over the past year, H&M’s stock has experienced a low of $1.72 and a high of $3.51. This price range demonstrates some volatility in share prices but also shows potential for growth or decline depending on market conditions and business performance.
It is crucial for investors to conduct thorough research and analysis when considering investing in H&M or any other company. External factors such as research reports, market trends, and financial indicators can provide valuable insights into the company’s potential performance.
Please note that this article is based on information as of September 28, 2023, and investors should stay updated with the latest stock analysis to make well-informed decisions about H&M.
Updated on: 28/09/2023
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Analyst Reports and Ratings Offer Mixed Views on H&M’s Performance and Potential
As of September 28, 2023, H & M Hennes & Mauritz AB (publ) has garnered attention from several brokerages. Reports and ratings have been issued by various institutions in an attempt to shed light on the company’s performance and potential. Among these brokerages, Sanford C. Bernstein initiated coverage on the shares of H & M Hennes & Mauritz AB (publ) with an “underperform” rating. This indicates a suggestion that the company may not be meeting expectations.
In contrast, DNB Markets raised their rating for H & M Hennes & Mauritz AB (publ) from a “hold” to a “buy” in their research report published on August 25th. This upgrade suggests that DNB Markets sees potential for growth and improvement within the company.
However, Deutsche Bank Aktiengesellschaft took the opposite stance by downgrading H& M Hennes & Mauritz AB (publ) from a “buy” rating to a “hold” rating. This downgrade implies that Deutsche Bank Aktiengesellschaft believes the stock is no longer as promising as they once thought.
Altogether, three analysts have rated the stock with a sell rating, seven have assigned it a hold rating, and two have assigned it a buy rating. These mixed ratings reflect varying opinions among experts within the industry on the overall performance and future prospects of H& M Hennes & Mauritz AB (publ).
According to data from Bloomberg, the average rating given to this stock is “Hold,” which further emphasizes the ambiguity surrounding its value and potential. Additionally, analysts have set a consensus target price of $99.00 for the stock. This figure serves as an estimated benchmark indicating where analysts believe its value is likely to eventually stabilize.
Before considering investing in H& M Hennes & Mauritz AB (publ), it is crucial for investors and prospective shareholders to take note of these ratings and assessments. They offer valuable insights into the opinions held by experts in the field regarding the company’s current state and its future trajectory.
H& M Hennes & Mauritz AB (publ) is a global provider of clothing, accessories, footwear, cosmetics, home textiles, and homeware for various demographics, including women, men, teenagers, children, and babies. Its diverse product offerings encompass sportswear, shoes, bags, beauty products, ready-to-wear items as well as interior products like bed linens, dinnerware, textiles, furniture, and lighting.
By familiarizing themselves with the recent reports issued on H& M Hennes & Mauritz AB (publ), individuals can better assess whether this company aligns with their investment goals and risk tolerance. It is always prudent to thoroughly research and analyze any potential investment opportunity before making informed decisions.