BTIG Research Reiterates “Buy” Rating for McGraw Hill (NYSE:MH)

McGraw Hill (NYSE:MH)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a research report issued on Tuesday, Benzinga reports. They presently have a $17.00 price objective on the stock. BTIG Research’s price objective would suggest a potential upside of 23.87% from the stock’s current price.

A number of other research firms also recently commented on MH. Morgan Stanley dropped their price objective on McGraw Hill from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, August 14th. Weiss Ratings upgraded shares of McGraw Hill from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. BMO Capital Markets boosted their target price on shares of McGraw Hill from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $16.00 price target on shares of McGraw Hill in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of McGraw Hill from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, McGraw Hill currently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

McGraw Hill Trading Up 1.4%

NYSE MH opened at $13.72 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 3.25. McGraw Hill has a 1-year low of $8.94 and a 1-year high of $18.00. The firm’s fifty day simple moving average is $12.14 and its 200-day simple moving average is $12.15. The company has a market capitalization of $2.63 billion, a PE ratio of 27.45 and a beta of -0.85.

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

Institutional Trading of McGraw Hill

Large investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in McGraw Hill during the 2nd quarter worth $25,000. PNC Financial Services Group Inc. acquired a new stake in shares of McGraw Hill in the first quarter valued at about $68,000. NewEdge Advisors LLC bought a new position in shares of McGraw Hill in the first quarter worth about $84,000. Susquehanna International Group LLP acquired a new position in shares of McGraw Hill during the 2nd quarter worth about $147,000. Finally, State of Wyoming acquired a new position in shares of McGraw Hill during the 2nd quarter worth about $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.