HMH Holding Inc (NASDAQ:HMH) Receives Average Rating of “Buy” from Brokerages

Shares of HMH Holding Inc (NASDAQ:HMH) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.40.

Several equities analysts recently commented on HMH shares. Wall Street Zen lowered HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Pickering Energy Partners assumed coverage on HMH in a research note on Monday, April 27th. They issued an “outperform” rating on the stock. Citigroup started coverage on HMH in a report on Sunday, April 26th. They issued a “buy” rating and a $30.00 price target for the company. Zacks Research raised shares of HMH from a “strong sell” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Piper Sandler assumed coverage on shares of HMH in a report on Monday, April 27th. They set an “overweight” rating and a $32.00 price objective on the stock.

HMH Price Performance

HMH stock opened at $20.62 on Thursday. The stock has a 50 day moving average price of $19.91. HMH has a one year low of $16.32 and a one year high of $24.50.

HMH (NASDAQ:HMH) last issued 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 business had revenue of $170.82 million for the 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.