McGraw Hill Financial Receives “Neutral” Rating from Zacks (MHFI)
McGraw Hill Financial (NASDAQ:MHFI)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Wednesday, American Banking News.com reports. They currently have a $85.00 price target on the stock. Zacks‘ price target suggests a potential upside of 4.26% from the stock’s previous close.
Zacks‘ analyst wrote, “McGraw-Hill Financial posted better-than-expected fourth-quarter and full year 2013 results. The robust quarterly performance was driven by growth across all business segments except S&P Ratings. Further, the quarterly earnings beat prompted management to provide an upbeat guidance for 2014. The company now expects earnings per share in the range of $3.75-$3.85. McGraw-Hill is likely to benefit from its strategic investments aimed to generate long-term profitability. The company’s focus on high margin business through proper capital allocation is paying off. However, the pending verdict on the DOJ’s civil lawsuit filed against the company brings in significant challenges, and compels us to be on the sidelines. Consequently, we reiterate our Neutral recommendation on the stock.”
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of McGraw Hill Financial in a research note on Wednesday, February 12th. They set a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of McGraw Hill Financial from $85.00 to $92.00 in a research note on Monday, February 10th. They now have an “overweight” rating on the stock. Finally, 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 on Wednesday, February 5th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.22.
McGraw Hill Financial (NASDAQ:MHFI) traded up 0.22% during mid-day trading on Wednesday, hitting $81.425. The stock had a trading volume of 886,454 shares. McGraw Hill Financial has a 52 week low of $44.93 and a 52 week high of $82.09. The stock’s 50-day moving average is $77.50 and its 200-day moving average is $70.27. The company has a market cap of $22.066 billion and a price-to-earnings ratio of 16.53.
McGraw Hill Financial (NASDAQ:MHFI) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that McGraw Hill Financial will post $3.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from McGraw Hill Financial’s previous quarterly dividend of $0.28.
In other McGraw Hill Financial news, Director Harold Mcgraw III sold 84,889 shares of McGraw Hill Financial stock on the open market in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $80.43, for a total value of $6,827,622.27. Following the sale, the director now directly owns 2,114,815 shares in the company, valued at approximately $170,094,570. The sale was disclosed in a filing with the SEC, which is available at this link.
McGraw Hill Financial, Inc is a financial intelligence company. The Company is engaged in credit ratings, benchmarks and analytics for the global capital and commodity markets.
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