BidaskClub downgraded shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) from a sell rating to a strong sell rating in a research note released on Saturday morning.

A number of other analysts have also commented on the company. BMO Capital Markets increased their price objective on Houghton Mifflin Harcourt from $10.00 to $13.00 and gave the company a market perform rating in a research note on Monday, May 15th. Stifel Nicolaus reaffirmed a hold rating and set a $12.50 price objective on shares of Houghton Mifflin Harcourt in a research note on Monday, July 10th. Finally, Zacks Investment Research raised Houghton Mifflin Harcourt from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $16.90.

Houghton Mifflin Harcourt (NASDAQ:HMHC) opened at 11.25 on Friday. Houghton Mifflin Harcourt has a 12 month low of $9.15 and a 12 month high of $16.18. The stock’s 50 day moving average is $12.22 and its 200 day moving average is $11.46. The firm’s market cap is $1.39 billion.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The business had revenue of $393.05 million for the quarter, compared to analyst estimates of $387.68 million. Houghton Mifflin Harcourt had a negative return on equity of 16.14% and a negative net margin of 18.60%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. On average, equities analysts forecast that Houghton Mifflin Harcourt will post ($1.55) earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Independent Portfolio Consultants Inc. acquired a new stake in shares of Houghton Mifflin Harcourt during the second quarter worth about $125,000. Bank of Montreal Can acquired a new stake in shares of Houghton Mifflin Harcourt during the first quarter worth about $111,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Houghton Mifflin Harcourt during the first quarter worth about $131,000. Karp Capital Management Corp acquired a new stake in shares of Houghton Mifflin Harcourt during the first quarter worth about $169,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Houghton Mifflin Harcourt during the first quarter worth about $184,000.

Houghton Mifflin Harcourt Company Profile

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.

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