Houghton Mifflin Harcourt Company (HMHC) Receives Price Target

Houghton Mifflin Harcourt Company (HMHC) : The highest level Houghton Mifflin Harcourt Company (HMHC) is projected to reach is $33 for the short term and the lowest estimate is at $17. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $21.75 and the possibility the share price can swing is $7.63.

Houghton Mifflin Harcourt Company (HMHC) : Zacks Investment Research ranks Houghton Mifflin Harcourt Company (HMHC) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.33, which indicates as a Buy.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $23 per share from a prior target of $29. The rating by the firm was issued on August 17, 2016.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC): The stock opened at $15.92 on Thursday but the bulls could not build on the opening and the stock topped out at $16.02 for the day. The stock traded down to $15.81 during the day, due to lack of any buying support eventually closed down at $15.94 with a loss of -0.06% for the day. The stock had closed at $15.95 on the previous day. The total traded volume was 444,951 shares.

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products, technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops, markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content, services and technology to both educational institutions and consumers, in more than 150 countries across the world. In the United States, the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George, Carmen Sandiego, The Oregon Trail, The Little Prince, The Lord of the Rings, Life of Pi, Websters New World Dictionary and Cliffs Notes.

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