McGraw Hill (NYSE:MH – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at BTIG Research in a report released on Tuesday, Benzinga reports. They presently have a $17.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 28.50% from the stock’s current price.
MH has been the subject of a number of other reports. Wall Street Zen raised McGraw Hill from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. cut their price target on McGraw Hill from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. UBS Group raised their price objective on McGraw Hill from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. The Goldman Sachs Group lowered their target price on McGraw Hill from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Finally, Morgan Stanley cut their target price on McGraw Hill from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.
McGraw Hill Stock Up 2.9%
McGraw Hill (NYSE:MH – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.59 earnings per share 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 firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that McGraw Hill will post 1.91 earnings per share for the current fiscal year.
Institutional Trading of McGraw Hill
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in shares of McGraw Hill in the second quarter valued at approximately $25,000. PNC Financial Services Group Inc. bought a new stake in McGraw Hill during the first quarter worth $68,000. NewEdge Advisors LLC purchased a new stake in McGraw Hill in the 1st quarter valued at $84,000. Susquehanna International Group LLP purchased a new stake in McGraw Hill in the 2nd quarter valued at $147,000. Finally, State of Wyoming bought a new position in McGraw Hill during the 2nd quarter valued at $154,000.
About McGraw Hill
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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