McGraw Hill, Inc. (NYSE:MH) Stock Has Average Price Target of $17.20 According to Analysts

Shares of McGraw Hill, Inc. (NYSE:MH) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.20.

MH has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of McGraw Hill in a research report on Thursday, August 13th. Wall Street Zen downgraded McGraw Hill from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley reduced their target price on McGraw Hill from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. BMO Capital Markets increased their price target 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 cut McGraw Hill from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, November 4th.

McGraw Hill Price Performance

Shares of MH opened at $10.71 on Wednesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 28.20 and a beta of -0.82. McGraw Hill has a twelve month low of $8.94 and a twelve month high of $18.00. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 2.87. The company has a 50 day moving average of $13.10 and a two-hundred day moving average of $12.56.

McGraw Hill (NYSE:MH) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $632.21 million for the quarter. McGraw Hill had a net margin of 3.55% and a return on equity of 46.05%. McGraw Hill’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 earnings per share. As a group, analysts predict that McGraw Hill will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On McGraw Hill

Several hedge funds have recently modified their holdings of MH. Platinum Equity Advisors LLC DE purchased a new position in shares of McGraw Hill in the 2nd quarter valued at approximately $1,304,765,706,000. BlackRock Inc. purchased a new stake in McGraw Hill during the 2nd quarter worth approximately $16,488,000. Boston Partners purchased a new stake in McGraw Hill during the 3rd quarter worth approximately $15,092,000. Bank of America Corp DE purchased a new stake in McGraw Hill during the 2nd quarter worth approximately $3,348,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in McGraw Hill by 110.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 469,499 shares of the company’s stock valued at $6,432,000 after purchasing an additional 246,233 shares in the last quarter.

About McGraw Hill

McGraw Hill is an education company that develops learning materials and digital tools for students, educators and professionals. Its offerings include textbooks, e-books, online course platforms, adaptive learning software, assessments and supplemental instructional resources. The company serves the K–12, higher education and professional education markets, with products and services available in the United States and international markets. Its platforms support instruction, practice, assessment and progress monitoring across a range of subjects.