McGraw Hill Financial Inc. Sets New 1-Year High at $81.08 (MHFI)
McGraw Hill Financial (NASDAQ:MHFI) set a new 52-week high on Friday, AR Network reports. The company traded as high as $81.08 and last traded at $79.30, with a volume of 2,138,897 shares. The stock had previously closed at $77.35.
A number of research firms have recently commented on MHFI. Analysts at FBR Capital Markets raised their price target on shares of McGraw Hill Financial from $81.00 to $84.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of McGraw Hill Financial from $70.00 to $72.00 in a research note to investors on Wednesday. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of McGraw Hill Financial from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. They now have a $82.00 price target on the stock. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $77.56.
In other McGraw Hill Financial news, EVP Kenneth Vittor sold 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $77.00, for a total value of $1,155,000.00. Following the sale, the executive vice president now directly owns 127,296 shares of the company’s stock, valued at approximately $9,801,792. The sale was disclosed in a legal filing with the SEC, which is available at this link.
McGraw Hill Financial has a 52-week low of $42.07 and a 52-week high of $78.81. The stock’s 50-day moving average is $76.5 and its 200-day moving average is $69.03. The company has a market cap of $21.656 billion and a price-to-earnings ratio of 22.12.
McGraw Hill Financial (NASDAQ:MHFI) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that McGraw Hill Financial will post $3.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of 0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Monday, February 24th. This is an increase from McGraw Hill Financial’s previous quarterly dividend of $0.28.
McGraw Hill Financial, Inc, formerly The McGraw-Hill Companies, Inc, is a financial intelligence company.
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