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Equities researchers at Goldman Sachs Group Inc. initiated coverage on shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) in a research report issued on Tuesday, reports. The firm set a “buy” rating and a $21.00 price target on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 18.18% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded down 3.83% during mid-day trading on Tuesday, hitting $17.09. 170,847 shares of the company’s stock traded hands. Houghton Mifflin Harcourt has a 52 week low of $13.74 and a 52 week high of $18.73. The stock’s 50-day moving average is $16.86 and its 200-day moving average is $16.86. The company’s market cap is $2.392 billion.

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