McGraw Hill (NYSE:MH) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of McGraw Hill (NYSE:MH) from a strong-buy rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. Morgan Stanley reduced their price objective on McGraw Hill from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of McGraw Hill in a report on Thursday, August 13th. BTIG Research reiterated a “buy” rating and set a $17.00 target price on shares of McGraw Hill in a research report on Tuesday, September 22nd. BMO Capital Markets boosted their price target on McGraw Hill from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, UBS Group upped their price target on McGraw Hill from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, McGraw Hill has an average rating of “Moderate Buy” and a consensus price target of $17.20.

McGraw Hill Stock Down 1.6%

Shares of MH stock opened at $10.68 on Friday. McGraw Hill has a 12 month low of $8.94 and a 12 month high of $18.00. The stock has a market cap of $2.04 billion, a P/E ratio of 4.98 and a beta of -0.82. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 3.25. The company has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $12.58.

McGraw Hill (NYSE:MH) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $632.21 million for the quarter. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. On average, research analysts expect that McGraw Hill will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On McGraw Hill

Hedge funds have recently modified their holdings of the company. Platinum Equity Advisors LLC DE purchased a new stake in shares of McGraw Hill in the second quarter worth $1,304,765,706,000. BlackRock Inc. purchased a new position in shares of McGraw Hill during the 2nd quarter valued at $16,488,000. Arrowstreet Capital Limited Partnership boosted its holdings in McGraw Hill by 110.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 469,499 shares of the company’s stock worth $6,432,000 after buying an additional 246,233 shares during the period. Bank of America Corp DE boosted its holdings in McGraw Hill by 178.4% in the 1st quarter. Bank of America Corp DE now owns 388,255 shares of the company’s stock worth $5,319,000 after buying an additional 248,773 shares during the period. Finally, Sei Investments Co. boosted its holdings in McGraw Hill by 18.1% in the 1st quarter. Sei Investments Co. now owns 185,116 shares of the company’s stock worth $2,536,000 after buying an additional 28,318 shares during the period.

McGraw Hill Company Profile