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

Key Points

• BTIG Research reiterated its “Buy” rating on McGraw Hill and set a $17 price target, implying 28.5% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $17.20 target.
• McGraw Hill reported quarterly EPS of $0.59, exceeding the $0.48 consensus estimate, while revenue rose 2.7% year over year to $549.9 million.
• Shares opened at $13.23 and have gained 2.9%; the stock’s one-year trading range is $8.94 to $18.00, with a market capitalization of approximately $2.53 billion.

McGraw Hill (NYSE:MH - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at BTIG Research in a research note issued on Tuesday, Benzinga reports. They currently have a $17.00 target price on the stock. BTIG Research's price objective would indicate a potential upside of 28.50% from the company's previous close.

Other research analysts have also recently issued research reports about the company. UBS Group lifted their target price on McGraw Hill from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. JPMorgan Chase & Co. dropped their target price on shares of McGraw Hill from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft set a $16.00 price target on shares of McGraw Hill in a research note on Friday, June 12th. BMO Capital Markets lifted their price target on shares of McGraw Hill from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of McGraw Hill from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.20.

McGraw Hill Stock Up 2.9%

Shares of MH opened at $13.23 on Tuesday. McGraw Hill has a one year low of $8.94 and a one year high of $18.00. The company has a market cap of $2.53 billion, a P/E ratio of 26.46 and a beta of -0.85. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.78 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $12.16.

McGraw Hill (NYSE:MH - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. The business's revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that McGraw Hill will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On McGraw Hill

A number of hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP bought a new stake in McGraw Hill during the second quarter valued at $336,000. HighTower Advisors LLC acquired a new stake in McGraw Hill during the 2nd quarter worth about $212,000. AXQ Capital LP raised its position 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 in the last quarter. Susquehanna International Group LLP acquired a new position in shares of McGraw Hill in the 2nd quarter valued at about $147,000. Finally, Platinum Equity Advisors LLC DE acquired a new position in shares of McGraw Hill in the 2nd quarter valued at about $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.

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