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

Shares of HMH Holding Inc (NASDAQ:HMH) have been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.00.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HMH stock. Citadel Advisors LLC acquired a new stake in HMH Holding Inc (NASDAQ:HMH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 673,656 shares of the company’s stock, valued at approximately $12,624,000. Citadel Advisors LLC owned 1.53% of HMH as of its most recent SEC filing.

HMH Stock Performance

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

HMH (NASDAQ:HMH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. The firm had revenue of $170.82 million for the quarter. As a group, analysts forecast that HMH will post 1.21 earnings per share for the current year.

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.