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

Key Points

• Analysts hold a moderately bullish view: Twelve research firms give McGraw Hill a consensus “Moderate Buy” rating, with an average 12-month price target of $17.20 versus the stock’s $13.92 opening price.
• Recent analyst actions were mixed, including raised targets from BMO Capital Markets and UBS, a reduced target from Morgan Stanley, and a “sell” downgrade from Weiss Ratings.
• McGraw Hill reported quarterly EPS of $0.59, beating the $0.48 consensus estimate, while revenue reached $549.9 million, up 2.7% year over year; analysts expect full-year EPS of $1.91.

McGraw Hill, Inc. (NYSE:MH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.20.

Several analysts recently weighed in on MH shares. BTIG Research reiterated a "buy" rating and issued a $17.00 target price on shares of McGraw Hill in a report on Tuesday, September 22nd. BMO Capital Markets upped their price target on McGraw Hill from $16.00 to $17.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. UBS Group raised their price target on McGraw Hill from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Friday, August 14th. Morgan Stanley dropped their price objective on McGraw Hill from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded McGraw Hill from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th.

Hedge Funds Weigh In On McGraw Hill

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of McGraw Hill by 74.3% during the third quarter. State of Alaska Department of Revenue now owns 21,399 shares of the company's stock worth $279,000 after purchasing an additional 9,122 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of McGraw Hill in the second quarter valued at approximately $336,000. HighTower Advisors LLC acquired a new position in shares of McGraw Hill in the second quarter valued at approximately $212,000. AXQ Capital LP grew its holdings 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 valued at $405,000 after purchasing an additional 28,162 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of McGraw Hill in the second quarter valued at approximately $147,000.

McGraw Hill Price Performance

NYSE:MH opened at $13.92 on Friday. McGraw Hill has a 52 week low of $8.94 and a 52 week high of $18.00. The stock's fifty day moving average is $13.04 and its two-hundred day moving average is $12.10. The company has a market capitalization of $2.66 billion, a P/E ratio of 27.84 and a beta of -0.83. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.48 by $0.11. The firm 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 business's quarterly 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 year.

McGraw Hill Company Profile

McGraw Hill is an education technology and publishing company that develops learning materials, digital platforms and assessment resources for students, educators and institutions. Its offerings cover K-12 education, higher education and professional learning, with products spanning subjects such as mathematics, science, business, health and the humanities.

The company provides print textbooks alongside digital courseware, adaptive learning tools, homework and assessment systems, and instructional resources designed to support classroom and online learning.

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