Zacks reiterated their neutral rating on shares of McGraw Hill Financial (NASDAQ:MHFI) in a research note released on Monday morning, Analyst Ratings Net reports. They currently have a $75.00 target price on the stock.
Zacks’ analyst wrote, “McGraw-Hill Financial posted better-than-expected third-quarter 2013 results. The robust performance was driven by growth across all business segments especially S&P Dow Jones Indices. Further, the quarterly earnings beat prompted management to provide an upbeat guidance for 2013. The company now expects earnings per share in the range of $3.25-$3.30 compared with its earlier projection of $3.15 $3.25. McGraw-Hill is likely to benefit from its strategic investments aimed to generate long-term profitability. The company’s focus on high margin business through proper capital allocation is paying off. However, pending verdict on the DOJ’s civil lawsuit filed against the company brings in significant challenges, and compels us to be on the sidelines. Consequently, we reiterate our Neutral recommendation on the stock.”
Zacks has also taken action a number of other financials stocks recently. The firm reiterated its neutral rating on shares of IntercontinentalExchange Inc.. They have a $208.00 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Moody’s Corp.. They have a $75.00 price target on that stock.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of McGraw Hill Financial in a research note to investors on Tuesday, October 29th. They set an outperform rating and a $81.00 price target on the stock. Separately, analysts at UBS AG reiterated a buy rating on shares of McGraw Hill Financial in a research note to investors on Wednesday, October 23rd. They now have a $80.00 price target on the stock, up previously from $75.00. Finally, analysts at Benchmark Co. raised their price target on shares of McGraw Hill Financial from $59.00 to $78.00 in a research note to investors on Wednesday, October 23rd. They now have a buy rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $76.75.
In other McGraw Hill Financial news, SVP Emmanuel N. Korakis sold 3,670 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $71.53, for a total value of $262,515.10. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of McGraw Hill Financial (NASDAQ:MHFI) traded down 0.31% on Monday, hitting $70.8126. The stock had a trading volume of 452,179 shares. McGraw Hill Financial has a one year low of $42.07 and a one year high of $74.37. The stock has a 50-day moving average of $67.92 and a 200-day moving average of $59.91. The company has a market cap of $19.176 billion and a P/E ratio of 20.31.
McGraw Hill Financial (NASDAQ:MHFI) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that McGraw Hill Financial will post $3.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, November 22nd.
McGraw Hill Financial, Inc, formerly The McGraw-Hill Companies, Inc, is a financial intelligence company.
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