McGraw Hill (NYSE:MH) Stock Breaks Below 200 Day Moving Average – Here’s Why

McGraw Hill, Inc. (NYSE:MH)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $12.64 and traded as low as $12.20. McGraw Hill shares last traded at $12.2110, with a volume of 615,292 shares.

Wall Street Analysts Forecast Growth

MH has been the subject of several research reports. UBS Group lifted their price target on shares of McGraw Hill from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price objective on shares of McGraw Hill in a research note on Thursday, August 13th. Morgan Stanley cut their target price on shares of McGraw Hill from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, August 14th. BMO Capital Markets lifted their target price on McGraw Hill from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised McGraw Hill from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

McGraw Hill Stock Performance

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 stock has a market capitalization of $2.34 billion, a P/E ratio of 24.42 and a beta of -0.82. The company’s 50-day moving average is $13.29 and its two-hundred day moving average is $12.64.

McGraw Hill (NYSE:MH) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.48 by $0.11. The company had revenue of $549.90 million for the quarter. McGraw Hill had a net margin of 4.38% and a return on equity of 62.57%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that McGraw Hill, Inc. will post 1.91 EPS for the current fiscal year.

Institutional Trading of McGraw Hill

Several hedge funds have recently added to or reduced their stakes in the business. Platinum Equity Advisors LLC DE acquired a new position in McGraw Hill during the 2nd quarter worth $1,304,765,706,000. BlackRock Inc. acquired a new position in shares of McGraw Hill during the second quarter valued at $16,488,000. Bank of America Corp DE bought a new stake in shares of McGraw Hill during the second quarter valued at about $3,348,000. Arrowstreet Capital Limited Partnership raised its stake in shares of McGraw Hill by 110.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 469,499 shares of the company’s stock valued at $6,432,000 after purchasing an additional 246,233 shares in the last quarter. Finally, Militia Capital Management LLC acquired a new stake in McGraw Hill in the first quarter worth about $1,927,000.

About McGraw Hill

McGraw Hill was a diversified information and publishing company that operated across education, financial information and media. Its education business published textbooks, digital learning programs, assessment products and instructional resources for schools, colleges, universities and professional learners.

The company also owned Standard & Poor’s, which provided credit ratings, investment research, financial data and market indexes, including the S&P 500. Through these businesses, McGraw Hill served customers in the United States and international markets.

Founded in 1888 through the combination of publishing ventures established by James H.