McGraw Hill (NYSE:MH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of McGraw Hill (NYSE:MH) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

MH has been the topic of a number of other research reports. 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. BTIG Research reiterated a “buy” rating and set a $17.00 target price on shares of McGraw Hill in a report on Tuesday, September 22nd. UBS Group raised their price target on McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings cut McGraw Hill from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 price objective on shares of McGraw Hill in a research report on Thursday, August 13th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat, McGraw Hill has an average rating of “Moderate Buy” and an average target price of $17.20.

McGraw Hill Trading Down 1.0%

Shares of MH opened at $14.47 on Friday. McGraw Hill has a twelve month low of $8.94 and a twelve month high of $18.00. 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 $2.77 billion, a P/E ratio of 5.71 and a beta of -0.83. The firm’s 50-day moving average is $13.27 and its two-hundred day moving average is $12.70.

McGraw Hill (NYSE:MH) last released its quarterly 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. The business had revenue of $549.90 million during the quarter. McGraw Hill had a return on equity of 62.57% and a net margin of 4.38%. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that McGraw Hill will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On McGraw Hill

A number of large investors have recently added to or reduced their stakes in MH. Legal & General Group Plc acquired a new stake in McGraw Hill during the 2nd quarter valued at approximately $25,000. PNC Financial Services Group Inc. purchased a new stake in McGraw Hill during the 1st quarter worth approximately $68,000. NewEdge Advisors LLC purchased a new position in shares of McGraw Hill during the 1st quarter valued at approximately $84,000. Susquehanna International Group LLP acquired a new stake in shares of McGraw Hill during the second quarter worth approximately $147,000. Finally, State of Wyoming acquired a new stake in shares of McGraw Hill during the second quarter worth approximately $154,000.

About McGraw Hill

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.