McGraw Hill (NYSE:MH) Raised to “Strong-Buy” at Wall Street Zen

McGraw Hill (NYSE:MH) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of McGraw Hill in a research note on Thursday, August 13th. Morgan Stanley dropped their price target on McGraw Hill from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. BTIG Research reiterated a “buy” rating and set a $17.00 price target on shares of McGraw Hill in a report on Tuesday, September 22nd. BMO Capital Markets increased their price objective on McGraw Hill from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Weiss Ratings downgraded shares of McGraw Hill from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.20.

McGraw Hill Stock Up 0.1%

MH stock opened at $14.63 on Friday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 29.26 and a beta of -0.83. The company has a 50-day moving average of $13.25 and a two-hundred day moving average of $12.12. McGraw Hill has a 52-week low of $8.94 and a 52-week high of $18.00. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.78 and a quick ratio of 0.62.

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

Institutional Investors Weigh In On McGraw Hill

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in shares of McGraw Hill during the second quarter valued at approximately $25,000. Bank of New York Mellon Corp raised its stake in shares of McGraw Hill by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 70,401 shares of the company’s stock valued at $964,000 after purchasing an additional 3,320 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in McGraw Hill in the first quarter worth $68,000. NewEdge Advisors LLC bought a new position in McGraw Hill in the first quarter worth $84,000. Finally, State of Alaska Department of Revenue boosted its stake in 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 buying an additional 9,122 shares in the last quarter.

About McGraw Hill

McGraw Hill was a diversified information and publishing company that operated across education, financial information and media. Its education business published textbooks, digital learning programs, assessment products and instructional resources for schools, colleges, universities and professional learners.

The company also owned Standard & Poor’s, which provided credit ratings, investment research, financial data and market indexes, including the S&P 500. Through these businesses, McGraw Hill served customers in the United States and international markets.

Founded in 1888 through the combination of publishing ventures established by James H.