Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) from a sell rating to a hold rating in a report issued on Monday, November 6th.

According to Zacks, “Houghton Mifflin Harcourt Company is a global provider of education solutions, delivering content, technology, services and media to students in over 150 countries worldwide. The Company delivers its offerings to both educational institutions and consumers. It provides kindergarten through twelfth grade, or K-12, educational content in the United States. The Company, through its subsidiary, provides print and electronic textbook curriculum, learning content, and assessment tools and services. Houghton Mifflin Harcourt Company is headquartered in Boston, Massachusetts. “

Several other research firms also recently weighed in on HMHC. BidaskClub downgraded Houghton Mifflin Harcourt from a hold rating to a sell rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a hold rating and set a $13.00 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Stifel Nicolaus restated a hold rating and set a $12.50 price target on shares of Houghton Mifflin Harcourt in a report on Thursday, September 21st. BMO Capital Markets reiterated a hold rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a research note on Monday, September 18th. Finally, Morgan Stanley reduced their target price on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an equal weight rating on the stock in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $13.08.

Shares of Houghton Mifflin Harcourt (NASDAQ HMHC) traded up $0.05 during trading hours on Monday, reaching $9.00. The company’s stock had a trading volume of 424,986 shares, compared to its average volume of 1,051,640. Houghton Mifflin Harcourt has a fifty-two week low of $8.05 and a fifty-two week high of $13.95. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.94.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.19. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $528.40 million. Houghton Mifflin Harcourt had a negative net margin of 18.59% and a negative return on equity of 17.37%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. sell-side analysts forecast that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in Houghton Mifflin Harcourt by 25.1% during the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,729 shares in the last quarter. D.A. Davidson & CO. raised its position in Houghton Mifflin Harcourt by 302.6% during the second quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 7,565 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new stake in Houghton Mifflin Harcourt in the second quarter valued at approximately $125,000. Verition Fund Management LLC acquired a new stake in Houghton Mifflin Harcourt in the second quarter valued at approximately $128,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Houghton Mifflin Harcourt in the first quarter valued at approximately $131,000.

ILLEGAL ACTIVITY NOTICE: This article was reported by BBNS and is the sole property of of BBNS. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://baseballnewssource.com/markets/houghton-mifflin-harcourt-company-hmhc-upgraded-to-hold-at-zacks-investment-research/1762438.html.

About Houghton Mifflin Harcourt

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. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.

Get a free copy of the Zacks research report on Houghton Mifflin Harcourt (HMHC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Houghton Mifflin Harcourt (NASDAQ:HMHC)

Receive News & Ratings for Houghton Mifflin Harcourt Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt Company and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.