Houghton Mifflin Harcourt (HMHC) Stock Rating Upgraded by ValuEngine

Houghton Mifflin Harcourt (NASDAQ:HMHC) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Several other research firms also recently commented on HMHC. Zacks Investment Research downgraded shares of Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Wells Fargo & Co set a $13.00 price target on shares of Houghton Mifflin Harcourt and gave the stock a “buy” rating in a research note on Sunday, August 5th. BidaskClub upgraded shares of Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating in a research note on Monday, September 24th. Stifel Nicolaus restated a “hold” rating and issued a $7.50 price target (down previously from $8.00) on shares of Houghton Mifflin Harcourt in a research note on Friday, August 3rd. Finally, BMO Capital Markets raised shares of Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Houghton Mifflin Harcourt currently has an average rating of “Hold” and a consensus price target of $8.42.

Shares of NASDAQ:HMHC traded up $1.56 during trading on Thursday, hitting $8.47. The company’s stock had a trading volume of 2,337,882 shares, compared to its average volume of 675,992. The company has a market cap of $852.52 million, a price-to-earnings ratio of -6.78 and a beta of 0.46. The company has a quick ratio of 0.66, a current ratio of 1.05 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 $10.05.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The business had revenue of $536.30 million during the quarter, compared to the consensus estimate of $507.37 million. Houghton Mifflin Harcourt had a negative net margin of 4.35% and a negative return on equity of 14.89%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, analysts expect that Houghton Mifflin Harcourt will post -0.95 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter worth $113,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter worth $116,000. Bank of Montreal Can purchased a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter worth $145,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Houghton Mifflin Harcourt during the 2nd quarter worth $216,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Houghton Mifflin Harcourt during the 3rd quarter worth $197,000. 95.68% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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