McGraw Hill (NYSE:MH) Earns “Buy” Rating from BTIG Research

McGraw Hill (NYSE:MH)‘s stock had its “buy” rating reiterated by stock analysts at BTIG Research in a report released on Tuesday, Benzinga reports. They presently have a $17.00 target price on the stock. BTIG Research’s price objective would indicate a potential upside of 35.70% from the stock’s current price.

A number of other equities research analysts have also weighed in on MH. BMO Capital Markets lifted their price objective on McGraw Hill from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings raised McGraw Hill from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Robert W. Baird cut their price target on shares of McGraw Hill from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, June 12th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of McGraw Hill in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group dropped their target price on shares of McGraw Hill from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. One equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

McGraw Hill Trading Down 1.6%

Shares of NYSE:MH traded down $0.20 during midday trading on Tuesday, hitting $12.53. 1,066,357 shares of the stock traded hands, compared to its average volume of 484,422. The stock has a market capitalization of $2.40 billion, a PE ratio of 4.97 and a beta of -0.85. The business’s 50 day moving average is $12.33 and its two-hundred day moving average is $12.13. The company has a quick ratio of 0.62, a current ratio of 0.78 and a debt-to-equity ratio of 3.25. McGraw Hill has a one year low of $8.94 and a one year high of $18.00.

McGraw Hill (NYSE:MH) last posted its earnings results on Thursday, August 13th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.11. McGraw Hill had a return on equity of 62.57% and a net margin of 4.38%.The company had revenue of $549.90 million for the quarter. McGraw Hill’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that McGraw Hill will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On McGraw Hill

Hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP bought a new position in shares of McGraw Hill during the second quarter valued at approximately $336,000. HighTower Advisors LLC bought a new stake in shares of McGraw Hill in the 2nd quarter worth approximately $212,000. AXQ Capital LP boosted 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 worth $405,000 after purchasing an additional 28,162 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of McGraw Hill in the 2nd quarter worth approximately $147,000. Finally, Platinum Equity Advisors LLC DE purchased a new stake in shares of McGraw Hill in the 2nd quarter worth approximately $1,304,765,706,000.

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.