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

McGraw Hill, Inc. (NYSE:MH) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.20.

MH has been the topic of a number of research analyst reports. UBS Group increased their target price on McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Wall Street Zen upgraded McGraw Hill from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. dropped their price target on McGraw Hill from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings upgraded McGraw Hill from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Finally, The Goldman Sachs Group decreased their price objective on shares of McGraw Hill from $19.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, June 11th.

McGraw Hill Stock Performance

Shares of McGraw Hill stock opened at $12.72 on Tuesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.62 and a current ratio of 0.78. McGraw Hill has a 1 year low of $8.94 and a 1 year high of $18.00. The firm’s 50-day simple moving average is $12.28 and its 200-day simple moving average is $12.15. The firm has a market cap of $2.43 billion, a PE ratio of 25.45 and a beta of -0.85.

McGraw Hill (NYSE:MH) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.11. The business had revenue of $549.90 million during the quarter. McGraw Hill had a return on equity of 62.57% and a net margin of 4.38%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that McGraw Hill will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Corient Private Wealth LP acquired a new stake in McGraw Hill during the second quarter worth about $336,000. HighTower Advisors LLC bought a new position in McGraw Hill in the second quarter worth about $212,000. AXQ Capital LP boosted its stake in 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 acquiring an additional 28,162 shares during the period. Susquehanna International Group LLP acquired a new position in McGraw Hill in the second quarter valued at approximately $147,000. Finally, Platinum Equity Advisors LLC DE bought a new position in shares of McGraw Hill during the second quarter valued at approximately $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.