BTIG Research Increases McGraw Hill (NYSE:MH) Price Target to $22.00

McGraw Hill (NYSE:MH) had its price target increased by stock analysts at BTIG Research from $19.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 27.31% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Macquarie reiterated an “outperform” rating and issued a $19.00 price objective on shares of McGraw Hill in a research note on Friday, October 17th. Morgan Stanley initiated coverage on shares of McGraw Hill in a report on Monday, August 18th. They set an “overweight” rating and a $20.00 price target on the stock. Zacks Research raised shares of McGraw Hill from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. UBS Group lifted their price objective on McGraw Hill from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered McGraw Hill from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.97.

McGraw Hill Stock Up 1.5%

Shares of McGraw Hill stock opened at $17.28 on Tuesday. McGraw Hill has a 12 month low of $10.69 and a 12 month high of $18.00. The stock has a fifty day simple moving average of $13.53.

McGraw Hill (NYSE:MH) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $1.05. The business had revenue of $669.19 million during the quarter, compared to analysts’ expectations of $638.76 million. McGraw Hill’s quarterly revenue was down 2.8% on a year-over-year basis.

Insiders Place Their Bets

In other McGraw Hill news, Director Steven Reinemund bought 15,710 shares of the stock in a transaction on Friday, November 14th. The shares were purchased at an average price of $15.03 per share, with a total value of $236,121.30. Following the acquisition, the director directly owned 15,710 shares of the company’s stock, valued at $236,121.30. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in McGraw Hill in the third quarter worth $25,000. Legal & General Group Plc acquired a new position in shares of McGraw Hill in the 3rd quarter valued at $30,000. Strs Ohio bought a new position in shares of McGraw Hill during the 3rd quarter worth about $54,000. BNP Paribas Financial Markets acquired a new stake in shares of McGraw Hill during the 3rd quarter valued at about $83,000. Finally, Greenland Capital Management LP bought a new stake in McGraw Hill in the third quarter valued at about $131,000.

About McGraw Hill

At McGraw Hill, our purpose is to unlock the potential of each learner at every stage of life. Our mission is to support educators, learners and professionals around the world with trusted, high-quality content and digital solutions that use data and learning science to adapt to each student as they progress towards their goals.