Houghton Mifflin Harcourt Co (NASDAQ:HMHC) has received an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.10.
Several brokerages have recently commented on HMHC. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 target price on shares of Houghton Mifflin Harcourt in a report on Monday, September 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.50 target price on shares of Houghton Mifflin Harcourt in a report on Thursday, September 21st. Morgan Stanley reduced their target price on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 target price on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Thursday, August 17th.
Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded up $0.05 during midday trading on Friday, hitting $9.75. The stock had a trading volume of 1,258,354 shares, compared to its average volume of 936,369. Houghton Mifflin Harcourt has a twelve month low of $8.05 and a twelve month high of $13.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.10.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $528.40 million. During the same period in the prior year, the business posted $0.73 earnings per share. Houghton Mifflin Harcourt’s revenue was down .2% compared to the same quarter last year. research analysts anticipate that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in HMHC. Public Employees Retirement System of Ohio lifted its stake in Houghton Mifflin Harcourt by 25.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock worth $106,000 after acquiring an additional 1,729 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Houghton Mifflin Harcourt by 302.6% in the 2nd quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after acquiring an additional 7,565 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Houghton Mifflin Harcourt in the 2nd quarter worth about $128,000. Great West Life Assurance Co. Can lifted its stake in Houghton Mifflin Harcourt by 107.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock worth $199,000 after acquiring an additional 8,613 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Houghton Mifflin Harcourt in the 2nd quarter worth about $227,000.
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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. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.
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