Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.75.

A number of analysts have recently weighed in on HMHC shares. Goldman Sachs Group Inc. upgraded Houghton Mifflin Harcourt from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, August 1st. BMO Capital Markets downgraded Houghton Mifflin Harcourt from an “outperform” rating to a “market perform” rating and cut their target price for the company from $22.00 to $17.00 in a research report on Friday, August 5th. Credit Suisse Group AG reiterated a “buy” rating on shares of Houghton Mifflin Harcourt in a research report on Monday, August 8th. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Finally, TheStreet downgraded Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th.

A number of institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Houghton Mifflin Harcourt by 0.8% in the third quarter. Principal Financial Group Inc. now owns 16,711 shares of the company’s stock worth $224,000 after buying an additional 125 shares during the last quarter. Strs Ohio boosted its position in shares of Houghton Mifflin Harcourt by 5.3% in the second quarter. Strs Ohio now owns 13,900 shares of the company’s stock worth $217,000 after buying an additional 700 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Houghton Mifflin Harcourt by 0.3% in the second quarter. Alliancebernstein L.P. now owns 208,000 shares of the company’s stock worth $3,251,000 after buying an additional 700 shares during the last quarter. BlackRock Inc. boosted its position in shares of Houghton Mifflin Harcourt by 1.6% in the third quarter. BlackRock Inc. now owns 78,451 shares of the company’s stock worth $1,052,000 after buying an additional 1,218 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Houghton Mifflin Harcourt by 0.8% in the third quarter. California State Teachers Retirement System now owns 262,556 shares of the company’s stock worth $3,521,000 after buying an additional 2,000 shares during the last quarter.

Houghton Mifflin Harcourt (NASDAQ:HMHC) opened at 11.25 on Friday. The company’s market cap is $1.38 billion. Houghton Mifflin Harcourt has a 12-month low of $9.15 and a 12-month high of $22.01. The company has a 50-day moving average price of $12.33 and a 200 day moving average price of $15.25.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its earnings results on Thursday, November 3rd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $533 million for the quarter, compared to the consensus estimate of $582.65 million. Houghton Mifflin Harcourt had a negative net margin of 14.05% and a negative return on equity of 16.48%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, analysts forecast that Houghton Mifflin Harcourt will post ($1.58) EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:HMHC

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