Stephen Richardson, an analyst from Evercore ISI, has initiated a new Buy rating on HMH Holding Inc. Class A (HMH).
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Stephen Richardson has given his Buy rating due to a combination of factors tied to HMH’s positioning and industry dynamics. He views HMH as a key offshore‑focused OEM in a tightly concentrated drilling equipment market, where high regulatory and technical barriers support resilient aftermarket and spare‑parts revenue as offshore rigs require ongoing maintenance and recertification.
He also expects HMH to be a prime beneficiary of the anticipated 2027 offshore upcycle, with rising floater utilization driving increased demand for both new equipment and high‑value components. In his view, the company’s asset‑light model, solid cash conversion, and exposure to the offshore recovery justify an Outperform rating and a $27 price target, even after accounting for its smaller size, sponsor overhang, and M&A‑related uncertainty.
In another report released today, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $27.00 price target.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HMH in relation to earlier this year.