Houghton Mifflin Harcourt Company (NASDAQ:HMHC) : The consensus price target for Houghton Mifflin Harcourt Company (NASDAQ:HMHC) is $27 for the short term with a standard deviation of $5.29. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $23.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, upgrades their rating on the shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC). Citigroup has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on September 10, 2015.
Houghton Mifflin Harcourt Company (NASDAQ:HMHC): stock turned positive on Thursday. Though the stock opened at $15.93, the bulls momentum made the stock top out at $16.22 level for the day. The stock recorded a low of $15.72 and closed the trading day at $16.06, in the green by 1.45%. The total traded volume for the day was 2,489,982. The stock had closed at $15.83 in the previous days trading.
The company shares have dropped -39.56% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $27.04 and the one year low was seen on Jun 21, 2016. The 50-Day Moving Average price is $17.32 and the 200 Day Moving Average price is recorded at $18.71. On the companys insider trading activities, Dragoon John, officer (See remarks.) of Houghton Mifflin Harcourt Co, unloaded 25,000 shares at an average price of $20.41 on May 2, 2016. The total amount of the transaction was worth $510,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.