McGraw Hill (NYSE:MH) Stock Bumped Up to "Strong-Buy" by Wall Street Zen

Key Points

• Wall Street Zen upgraded McGraw Hill from “buy” to “strong-buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $17.20.
• Analyst views are mixed: price targets range from $15 to $19, with Morgan Stanley lowering its target to $16 and Weiss Ratings maintaining a sell rating.
• McGraw Hill reported quarterly earnings of $0.59 per share, beating expectations of $0.48, while revenue rose 2.7% year over year to $549.9 million.

McGraw Hill (NYSE:MH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently issued reports on MH. Morgan Stanley reduced their price target on shares of McGraw Hill from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Friday, August 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of McGraw Hill in a research note on Thursday, August 13th. UBS Group boosted their target price on McGraw Hill from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Friday, August 14th. BTIG Research reissued a "buy" rating and issued a $17.00 price target on shares of McGraw Hill in a research note on Tuesday, September 22nd. Finally, Weiss Ratings downgraded McGraw Hill from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.20.

McGraw Hill Price Performance

Shares of MH stock opened at $14.63 on Friday. McGraw Hill has a one year low of $8.94 and a one year high of $18.00. 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 stock's fifty day simple moving average is $13.25 and its 200 day simple moving average is $12.13. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 5.78 and a beta of -0.83.

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

Institutional Inflows and Outflows

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

McGraw Hill Company Profile

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.

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