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

McGraw Hill, Inc. (NYSE:MH) has earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.20.

MH has been the subject of a number of research analyst reports. BMO Capital Markets upped their target price on McGraw Hill from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of McGraw Hill in a research note on Thursday, August 13th. The Goldman Sachs Group cut their price objective on McGraw Hill from $19.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $16.00 target price on McGraw Hill in a report on Friday, June 12th. Finally, UBS Group boosted their price target on shares of McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP bought a new position in shares of McGraw Hill in the second quarter valued at $336,000. HighTower Advisors LLC bought a new stake in shares of McGraw Hill during the 2nd quarter worth $212,000. AXQ Capital LP grew its holdings 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 acquiring an additional 28,162 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of McGraw Hill in the 2nd quarter worth $147,000. Finally, Platinum Equity Advisors LLC DE acquired a new stake in shares of McGraw Hill during the second quarter worth $1,304,765,706,000.

McGraw Hill Stock Down 1.6%

MH stock opened at $12.53 on Tuesday. The firm’s 50-day moving average is $12.33 and its two-hundred day moving average is $12.13. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 25.06 and a beta of -0.85. McGraw Hill has a 52 week low of $8.94 and a 52 week 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.

McGraw Hill (NYSE:MH) last posted 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. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The business had revenue of $549.90 million during the quarter. The company’s revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that McGraw Hill will post 1.91 earnings per share for the current fiscal year.

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.