Zacks reaffirmed their neutral rating on shares of Mcgraw-Hill (NYSE: MHP) in a research note released on Friday morning. They currently have a $48.00 price target on the stock.
Zacks’ analyst wrote, “McGraw-Hill posted yet another healthy quarter as revenue gains across its business segments continue to boost the company’s financials. McGraw-Hill posted fourth-quarter 2012 adjusted quarterly earnings of $0.72 per share that came in line with the Zacks Consensus Estimate but jumped 56% year over year. Total revenue escalated 22% year over year to $1,226 million. Following strong results, management now expects adjusted earnings to be in the range of $3.10 to $3.20 per share for 2013, reflecting growth of 15% year over year. Going forward, McGraw-Hill along with its iconic brands remains focused on high growth operations to drive long-term profitability. However, the market for credit rating, research, investment and advisory services is highly competitive and we prefer to maintain our long-term Neutral recommendation on the stock. Moreover, DOJ’s civil lawsuit against the company brings in significant challenges. “
A number of other firms have also recently commented on MHP. 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. Separately, analysts at Barclays Capital cut their price target on shares of Mcgraw-Hill from $64.00 to $54.00 in a research note to investors on Monday, February 11th. They now have an overweight rating on the stock. Finally, analysts at Raymond James upgraded shares of Mcgraw-Hill from an outperform rating to a strong-buy rating in a research note to investors on Wednesday, February 6th. They now have a $62.00 price target on the stock.
Seven equities research analysts have rated the stock with a buy rating, and one has issued a hold rating to the stock. The company currently has an average rating of buy and a consensus target price of $58.00.
Mcgraw-Hill traded up 0.07% on Friday, hitting $45.58. 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 $50.98. The company has a market cap of $12.667 billion and a price-to-earnings ratio of 29.77.
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 2.46%. The ex-dividend date of this dividend is Friday, February 22nd. This is a positive change from Mcgraw-Hill’s previous quarterly dividend of $0.26.
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