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

Key Points

• Analyst sentiment is generally positive: 12 firms rate McGraw Hill “Moderate Buy,” with eight buy ratings, one strong buy, two holds and one sell. Their average 12-month price target is $17.20.
• McGraw Hill opened at $10.71, below the average analyst target; its reported 52-week range is $8.94–$18.00.
• Latest quarterly EPS beat estimates at $0.75 versus $0.70, but revenue fell 5.5% year over year to $632.21 million, and EPS was down from $1.40 in the year-ago quarter.

Shares of McGraw Hill, Inc. (NYSE:MH - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve research firms that are covering the company, MarketBeat reports. One equities 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 target among analysts that have covered the stock in the last year is $17.20.

Several equities analysts recently issued reports on MH shares. Wall Street Zen lowered shares of McGraw Hill from a "strong-buy" rating to a "buy" rating in a report on Saturday. Needham & Company LLC restated a "buy" rating and set a $19.00 target price on shares of McGraw Hill in a report on Thursday, August 13th. Weiss Ratings cut McGraw Hill from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, November 4th. Morgan Stanley dropped 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. Finally, BMO Capital Markets lifted their price target on McGraw Hill from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, August 14th.

Institutional Investors Weigh In On McGraw Hill

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in McGraw Hill in the second quarter valued at about $25,000. Bank of New York Mellon Corp raised its holdings in McGraw Hill by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 70,401 shares of the company's stock worth $964,000 after purchasing an additional 3,320 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of McGraw Hill during the first quarter valued at about $68,000. NewEdge Advisors LLC purchased a new stake in shares of McGraw Hill during the first quarter valued at about $84,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of McGraw Hill by 74.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,399 shares of the company's stock valued at $279,000 after buying an additional 9,122 shares in the last quarter.

McGraw Hill Trading Up 0.2%

NYSE MH opened at $10.71 on Wednesday. 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 2.87, a quick ratio of 0.74 and a current ratio of 0.86. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 28.20 and a beta of -0.82. The company's 50-day simple moving average is $13.10 and its two-hundred day simple moving average is $12.56.

McGraw Hill (NYSE:MH - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. McGraw Hill had a net margin of 3.55% and a return on equity of 46.05%. The firm had revenue of $632.21 million during the quarter. During the same period in the previous year, the company posted $1.40 EPS. McGraw Hill's revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts forecast that McGraw Hill will post 1.91 EPS for the current fiscal year.

McGraw Hill Company Profile

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.

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