Mcgraw-Hill (NYSE: MHP)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Thursday.
The analysts wrote, “McGraw-Hill Companies Incorporated (MHP) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Shares of Mcgraw-Hill traded down 0.42% during mid-day trading on Thursday, hitting $47.73. Mcgraw-Hill has a 52 week low of $42.02 and a 52 week high of $58.62. The stock’s 50-day moving average is currently $49.26. The company has a market cap of $13.264 billion and a P/E ratio of 31.33.
Mcgraw-Hill last released its earnings data on Tuesday, February 12th. The company reported $0.72 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.72. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company posted $0.63 earnings per share. Analysts expect that Mcgraw-Hill will post $3.18 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MHP. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Mcgraw-Hill in a research note to investors on Wednesday. They now have a $58.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mcgraw-Hill in a research note to investors on Friday, February 22nd. They now have a $48.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Mcgraw-Hill in a research note to investors on Wednesday, February 13th. They now have a $51.00 price target on the stock.
Seven analysts have rated the stock with a buy rating, and one has assigned a hold rating to the company’s stock. Mcgraw-Hill has an average rating of “buy” and an average target price of $58.00.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 12th. Investors of record on Tuesday, February 26th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, February 22nd. This is an increase from Mcgraw-Hill’s previous quarterly dividend of $0.26.
The McGraw-Hill Companies, Inc. is a global information services provider serving the financial, education, commercial and commodities markets.
To view TheStreet’s full report, visit www.thestreetratings.com
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