McGraw Hill’s (MH) “Buy” Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of McGraw Hill (NYSE:MH) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $17.00 target price on the stock.

Several other analysts also recently issued reports on MH. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of McGraw Hill in a research note on Thursday, August 13th. Wall Street Zen upgraded McGraw Hill from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings raised McGraw Hill from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $16.00 price target on McGraw Hill in a report on Friday, June 12th. Finally, UBS Group lifted their price target on shares of McGraw Hill from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.20.

McGraw Hill Stock Performance

Shares of MH opened at $13.64 on Tuesday. The company’s fifty day moving average is $12.21 and its 200-day moving average is $12.15. McGraw Hill has a 12 month low of $8.94 and a 12 month high of $18.00. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 27.27 and a beta of -0.85. 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 (NYSE:MH) last released 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. The business had revenue of $549.90 million during the quarter. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The firm’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that McGraw Hill will post 1.91 EPS for the current fiscal year.

Institutional Trading of McGraw Hill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP bought a new position in McGraw Hill in the 2nd quarter worth approximately $336,000. HighTower Advisors LLC bought a new stake in shares of McGraw Hill in the second quarter valued at approximately $212,000. AXQ Capital LP grew its stake in shares of McGraw Hill by 193.2% in the second quarter. AXQ Capital LP now owns 42,737 shares of the company’s stock worth $405,000 after acquiring an additional 28,162 shares during the last quarter. Susquehanna International Group LLP bought a new position in McGraw Hill during the second quarter worth $147,000. Finally, Platinum Equity Advisors LLC DE bought a new position in McGraw Hill during the second quarter worth $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.