McGraw Hill (NYSE:MH) Shares Gap Up – Here’s Why

McGraw Hill, Inc. (NYSE:MHGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $12.32, but opened at $12.84. McGraw Hill shares last traded at $13.0350, with a volume of 50,259 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on MH shares. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of McGraw Hill in a research note on Thursday, August 13th. BMO Capital Markets increased their price target on McGraw Hill from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Weiss Ratings raised McGraw Hill from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Wall Street Zen upgraded McGraw Hill from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, UBS Group boosted their price objective on McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

View Our Latest Stock Analysis on McGraw Hill

McGraw Hill Trading Up 0.2%

The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 26.53 and a beta of -0.85. The firm’s 50-day moving average is $11.74 and its 200 day moving average is $12.19.

McGraw Hill (NYSE:MHGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.11. The firm had revenue of $549.90 million during the quarter. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that McGraw Hill, Inc. will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of McGraw Hill

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP bought a new position in McGraw Hill during the 2nd quarter worth $336,000. HighTower Advisors LLC acquired a new position in McGraw Hill during the 2nd quarter worth about $212,000. AXQ Capital LP grew its position in shares of McGraw Hill by 193.2% in the 2nd quarter. AXQ Capital LP now owns 42,737 shares of the company’s stock valued at $405,000 after buying an additional 28,162 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of McGraw Hill in the 2nd quarter valued at about $147,000. Finally, Platinum Equity Advisors LLC DE acquired a new stake in shares of McGraw Hill in the second quarter valued at about $1,304,765,706,000.

McGraw Hill Company Profile

(Get Free Report)

McGraw Hill is an education company that develops learning materials, digital courseware and assessment products for students, educators and institutions. Its offerings span higher education, K–12 schools, professional learning and international markets, with products designed to support instruction, curriculum planning, homework, testing and student progress tracking.

The company’s portfolio includes digital learning platforms, college textbooks, adaptive learning tools, online assignments, teacher resources and educational assessments.

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