BidaskClub upgraded shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) from a hold rating to a buy rating in a research note released on Friday morning.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Houghton Mifflin Harcourt from a sell rating to a hold rating in a research note on Wednesday, October 17th. BMO Capital Markets upgraded Houghton Mifflin Harcourt from a market perform rating to an outperform rating and set a $8.00 price target on the stock in a research report on Tuesday, October 9th. ValuEngine upgraded Houghton Mifflin Harcourt from a strong sell rating to a sell rating in a research report on Tuesday, October 2nd. Wells Fargo & Co set a $13.00 price target on Houghton Mifflin Harcourt and gave the company a buy rating in a research report on Sunday, August 5th. Finally, Morgan Stanley lowered their price target on Houghton Mifflin Harcourt from $8.00 to $7.00 and set an equal weight rating on the stock in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $9.94.
Shares of NASDAQ HMHC traded up $0.08 during mid-day trading on Friday, hitting $6.94. The company had a trading volume of 367,161 shares, compared to its average volume of 662,690. Houghton Mifflin Harcourt has a 12 month low of $5.10 and a 12 month high of $10.40. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.05 and a quick ratio of 0.66.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its earnings results on Thursday, August 2nd. The business services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.14). The business had revenue of $375.58 million for the quarter, compared to the consensus estimate of $386.20 million. Houghton Mifflin Harcourt had a negative net margin of 4.35% and a negative return on equity of 14.89%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) EPS. Sell-side analysts expect that Houghton Mifflin Harcourt will post -1.03 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter worth $113,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter worth $116,000. Bank of Montreal Can acquired a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter worth $145,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Houghton Mifflin Harcourt in the 2nd quarter worth $216,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Houghton Mifflin Harcourt in the 3rd quarter worth $197,000. Institutional investors own 95.68% of the company’s stock.
Houghton Mifflin Harcourt Company Profile
Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers 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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