Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) has received an average rating of “Hold” from the eight analysts that are covering the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.20.
Several research analysts recently commented on the company. Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Credit Suisse Group AG set a $23.00 price objective on Houghton Mifflin Harcourt and gave the company a “buy” rating in a research note on Saturday, October 1st. Goldman Sachs Group Inc. raised Houghton Mifflin Harcourt from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, August 1st. TheStreet downgraded Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, BMO Capital Markets downgraded Houghton Mifflin Harcourt from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $22.00 to $17.00 in a research note on Friday, August 5th.
Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) opened at 13.22 on Friday. Houghton Mifflin Harcourt has a 52-week low of $12.80 and a 52-week high of $22.01. The company’s market capitalization is $1.62 billion. The stock’s 50 day moving average price is $14.36 and its 200 day moving average price is $16.68.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.21. Houghton Mifflin Harcourt had a negative net margin of 10.86% and a negative return on equity of 9.44%. The firm earned $392 million during the quarter, compared to analyst estimates of $431.29 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Houghton Mifflin Harcourt will post ($1.28) earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Houghton Mifflin Harcourt by 351.0% in the first quarter. Royal Bank of Canada now owns 5,876 shares of the company’s stock worth $117,000 after buying an additional 4,573 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Houghton Mifflin Harcourt during the second quarter worth $135,000. BNP Paribas Arbitrage SA boosted its position in Houghton Mifflin Harcourt by 108.7% in the third quarter. BNP Paribas Arbitrage SA now owns 10,498 shares of the company’s stock worth $141,000 after buying an additional 5,468 shares in the last quarter. Airain ltd acquired a new position in Houghton Mifflin Harcourt during the second quarter worth $170,000. Finally, Invictus RG acquired a new position in Houghton Mifflin Harcourt during the second quarter worth $180,000.
Houghton Mifflin Harcourt Company Profile
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.
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