Royal Bank of Canada Downgrades H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) to Hold

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was downgraded by investment analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

HNNMY has been the subject of a number of other reports. Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, H & M Hennes & Mauritz AB (publ) has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of HNNMY stock opened at $2.74 on Tuesday. The company has a market capitalization of $19.40 billion, a P/E ratio of 22.84 and a beta of 1.45. H & M Hennes & Mauritz AB has a fifty-two week low of $2.54 and a fifty-two week high of $3.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11. The stock has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $3.18.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. Analysts expect that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

H & M Hennes & Mauritz AB (publ) Company Profile

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.