Analysts Set Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Price Target at $7.75

Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.75.

Several brokerages recently commented on HMHC. BMO Capital Markets cut their price objective on Houghton Mifflin Harcourt from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday. ValuEngine raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Citigroup cut their price objective on Houghton Mifflin Harcourt from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. BidaskClub raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley cut their price objective on Houghton Mifflin Harcourt from $7.00 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, September 5th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC bought a new stake in Houghton Mifflin Harcourt during the second quarter valued at about $9,684,000. D. E. Shaw & Co. Inc. grew its holdings in Houghton Mifflin Harcourt by 65.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,222,334 shares of the business services provider’s stock valued at $7,041,000 after purchasing an additional 484,924 shares during the period. Aperio Group LLC bought a new stake in Houghton Mifflin Harcourt during the second quarter valued at about $41,000. Swiss National Bank grew its holdings in Houghton Mifflin Harcourt by 2.2% during the second quarter. Swiss National Bank now owns 195,600 shares of the business services provider’s stock valued at $1,127,000 after purchasing an additional 4,200 shares during the period. Finally, Alpha Windward LLC bought a new stake in Houghton Mifflin Harcourt during the second quarter valued at about $383,000. 95.56% of the stock is owned by institutional investors.

Shares of Houghton Mifflin Harcourt stock traded up $0.40 on Monday, reaching $6.25. The company’s stock had a trading volume of 1,647,491 shares, compared to its average volume of 686,963. The company has a market capitalization of $648.93 million, a price-to-earnings ratio of -5.90 and a beta of 0.87. The firm’s fifty day simple moving average is $5.41 and its two-hundred day simple moving average is $5.99. Houghton Mifflin Harcourt has a 52 week low of $4.49 and a 52 week high of $10.64. The company has a quick ratio of 0.80, a current ratio of 1.26 and a debt-to-equity ratio of 1.46.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.01. Houghton Mifflin Harcourt had a negative return on equity of 16.39% and a negative net margin of 9.46%. The business had revenue of $388.90 million during the quarter, compared to analyst estimates of $399.91 million. During the same quarter last year, the company earned ($0.19) EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Houghton Mifflin Harcourt will post -1.36 EPS for the current year.

Houghton Mifflin Harcourt Company Profile

Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.

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