Wall Street Zen upgraded shares of McGraw Hill (NYSE:MH – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.
MH has been the topic of a number of other research reports. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of McGraw Hill in a research note on Tuesday, September 22nd. UBS Group raised their price objective on McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Morgan Stanley lowered their price objective on McGraw Hill from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. BMO Capital Markets upped their target price on McGraw Hill from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded McGraw Hill from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.
Read Our Latest Report on McGraw Hill
McGraw Hill Stock Performance
Shares of NYSE MH opened at $14.63 on Friday. The company has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $12.13. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.78 and a quick ratio of 0.62. The company has a market cap of $2.80 billion, a PE ratio of 29.26 and a beta of -0.83. McGraw Hill has a 12 month low of $8.94 and a 12 month high of $18.00.
McGraw Hill (NYSE:MH – Get Free Report) last announced its quarterly earnings data 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. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The business had revenue of $549.90 million for the quarter. McGraw Hill’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that McGraw Hill will post 1.91 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new position in shares of McGraw Hill during the 2nd quarter valued at $25,000. Bank of New York Mellon Corp increased its holdings in McGraw Hill by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 70,401 shares of the company’s stock valued at $964,000 after purchasing an additional 3,320 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in McGraw Hill in the 1st quarter valued at $68,000. NewEdge Advisors LLC acquired a new stake in McGraw Hill in the 1st quarter valued at $84,000. Finally, State of Alaska Department of Revenue raised its position in McGraw Hill by 74.3% in the third quarter. State of Alaska Department of Revenue now owns 21,399 shares of the company’s stock valued at $279,000 after purchasing an additional 9,122 shares during the period.
McGraw Hill Company Profile
McGraw Hill was a diversified information and publishing company that operated across education, financial information and media. Its education business published textbooks, digital learning programs, assessment products and instructional resources for schools, colleges, universities and professional learners.
The company also owned Standard & Poor’s, which provided credit ratings, investment research, financial data and market indexes, including the S&P 500. Through these businesses, McGraw Hill served customers in the United States and international markets.
Founded in 1888 through the combination of publishing ventures established by James H.
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