What is the Forecast Price for Houghton Mifflin Harcourt Co (HMHC) Stock?

Monday, August 3, 2020 10:28 AM | InvestorsObserver Analysts

InvestorsObserver is giving Houghton Mifflin Harcourt Co (HMHC) an Analyst Rating Rank of 3, meaning HMHC is ranked higher by analysts than 3% of stocks. The average projection by analysts for HMHC is $2.05 over the next 12 months and analyst’s classify the stock as a Sell

Overall Score - 2.5
Wall Street analysts are rating HMHC a Sell today. Find out what this means to you and get the rest of the rankings on HMHC!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Houghton Mifflin Harcourt Co Stock Today?

Houghton Mifflin Harcourt Co (HMHC) stock is trading at $3.13 as of 10:13 AM on Monday, Aug 3, a rise of $0.16, or 5.57% from the previous closing price of $2.96. The stock has traded between $3.05 and $3.44 so far today. Volume today is light. So far 3,972,915 shares have traded compared to average volume of 6,650,366 shares.

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