Houghton Mifflin Harcourt Co (HMHC) Receives $10.14 Average Price Target from Analysts

Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) have been given an average recommendation of “Hold” by the ten research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.14.

A number of research firms have recently commented on HMHC. BidaskClub raised Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 11th. ValuEngine raised Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. BMO Capital Markets raised Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Tuesday, October 9th. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Houghton Mifflin Harcourt by 5.5% during the 2nd quarter. BlackRock Inc. now owns 7,001,672 shares of the business services provider’s stock worth $53,562,000 after buying an additional 364,281 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Houghton Mifflin Harcourt by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,112,078 shares of the business services provider’s stock worth $39,109,000 after purchasing an additional 419,162 shares during the period. Wells Fargo & Company MN raised its holdings in Houghton Mifflin Harcourt by 3.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,082,852 shares of the business services provider’s stock worth $23,584,000 after purchasing an additional 101,892 shares during the period. Lapides Asset Management LLC raised its holdings in Houghton Mifflin Harcourt by 19.9% in the 3rd quarter. Lapides Asset Management LLC now owns 2,346,600 shares of the business services provider’s stock worth $16,426,000 after purchasing an additional 389,300 shares during the period. Finally, OppenheimerFunds Inc. raised its holdings in Houghton Mifflin Harcourt by 2.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,010,842 shares of the business services provider’s stock worth $15,383,000 after purchasing an additional 51,194 shares during the period. Hedge funds and other institutional investors own 95.68% of the company’s stock.

Shares of HMHC stock opened at $6.70 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. Houghton Mifflin Harcourt has a fifty-two week low of $5.10 and a fifty-two week high of $10.85.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its earnings results on Thursday, August 2nd. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.14). The business had revenue of $375.58 million for the quarter, compared to analysts’ expectations of $386.20 million. Houghton Mifflin Harcourt had a negative net margin of 4.35% and a negative return on equity of 14.89%. Houghton Mifflin Harcourt’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted ($0.38) earnings per share. Equities research analysts anticipate that Houghton Mifflin Harcourt will post -1.03 EPS for the current year.

About Houghton Mifflin Harcourt

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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Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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