HMH Holding Inc (NASDAQ:HMH) Given Consensus Rating of “Buy” by Brokerages

HMH Holding Inc (NASDAQ:HMH) has received a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $28.00.

Several research firms recently weighed in on HMH. Wall Street Zen cut HMH from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Zacks Research raised HMH from a “strong sell” rating to a “hold” rating in a report on Friday, July 24th. Evercore set a $24.00 price target on HMH in a research report on Friday, August 7th. Finally, Stifel Nicolaus increased their price objective on HMH from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th.

Institutional Investors Weigh In On HMH

A hedge fund recently bought a new position in HMH stock. Readystate Asset Management LP purchased a new stake in shares of HMH Holding Inc (NASDAQ:HMH) during the 2nd quarter, according to its most recent 13F filing 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 0.18% of HMH as of its most recent SEC filing.

HMH Stock Performance

HMH opened at $18.88 on Monday. The stock has a 50 day moving average of $19.70. HMH has a twelve month low of $16.32 and a twelve month high of $24.50. The company has a current ratio of 2.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The firm has a market cap of $829.47 million and a price-to-earnings ratio of 44.95.

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