Analysts Set HMH Holding Inc (NASDAQ:HMH) PT at $28.00

Shares of HMH Holding Inc (NASDAQ:HMH) have received a consensus rating of “Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $28.00.

Several equities research analysts have weighed in on the company. Evercore set a $24.00 target price on HMH in a research report on Friday, August 7th. Stifel Nicolaus upped their price target on shares of HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Zacks Research raised shares of HMH from a “strong sell” rating to a “hold” rating in a report on Friday, July 24th.

HMH Price Performance

Shares of HMH stock opened at $19.50 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. The company has a 50 day moving average of $19.72. HMH has a 52 week low of $16.32 and a 52 week high of $24.50. The firm has a market capitalization of $856.63 million and a P/E ratio of 46.43.

HMH (NASDAQ:HMH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The company had revenue of $170.82 million for the quarter. Analysts expect that HMH will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On HMH

A hedge fund recently bought a new stake in HMH stock. Readystate Asset Management LP purchased a new stake in shares of HMH Holding Inc (NASDAQ:HMH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 80,000 shares of the company’s stock, valued at approximately $1,499,000. Readystate Asset Management LP owned about 0.18% of HMH at the end of the most recent quarter.

About HMH

Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.