Sterne Agee Publishes Hill International, Inc. Company Report (HIL)

In a recent report by Sterne Agee, Libya exposure is a key concern for Hill International, Inc. HIL.

Sterne Agee asserted that “HIL was averaging CFR of ~$6M/month (19% of total) in Libya and more importantly has $60M of accounts receivable (33% of total) in the country, with ~$40M-$45M outstanding for 90+ days, mostly related to management of university construction. HIL is hopeful to make the cash collection; however, no guarantees can currently be made given the political situation in the country. HIL has safely demobilized the majority of its operations in the region and has ceased all work.”

Hill International, Inc. has a Neutral current rating and a $6 PT.

Hill International, Inc. is currently selling for $5.77.