McGraw Hill Financial Receives Average Rating of “Buy” from Brokerages (NASDAQ:MHFI)
Shares of McGraw Hill Financial (NASDAQ:MHFI) have been given an average rating of “Buy” by the twelve ratings firms that are currently covering the company, Analyst RN reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $88.00.
A number of research firms have recently commented on MHFI. Analysts at Barclays reiterated an “overweight” rating on shares of McGraw Hill Financial in a research note on Monday, July 14th. They now have a $100.00 price target on the stock, up previously from $92.00. Separately, analysts at Raymond James downgraded shares of McGraw Hill Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 9th. They now have a $84.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of McGraw Hill Financial from $85.00 to $92.00 in a research note on Tuesday, June 24th. They now have a “buy” rating on the stock.
McGraw Hill Financial (NASDAQ:MHFI) opened at 79.27 on Wednesday. McGraw Hill Financial has a 1-year low of $58.23 and a 1-year high of $84.81. The stock has a 50-day moving average of $82.47 and a 200-day moving average of $79.20. The company has a market cap of $21.474 billion and a price-to-earnings ratio of 24.02.
McGraw Hill Financial (NASDAQ:MHFI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that McGraw Hill Financial will post $3.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Tuesday, August 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 1.51%. The ex-dividend date of this dividend is Friday, August 22nd.
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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