Research analysts at UBS AG hoisted their price target on shares of McGraw Hill Financial (NASDAQ:MHFI) from $62.00 to $66.00 in a report released on Friday, ARN reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 21.30% from the stock’s previous close.
Shares of McGraw Hill Financial (NASDAQ: MHFI) traded down 0.27% during mid-day trading on Friday, hitting $59.94. McGraw Hill Financial has a 52 week low of $42.07 and a 52 week high of $61.32. The stock’s 50-day moving average is currently $55.71. The company has a market cap of $16.430 billion and a P/E ratio of 16.34.
McGraw Hill Financial (NASDAQ:MHFI) last released its earnings data on Thursday, July 25th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.11. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. McGraw Hill Financial has set its FY13 guidance at $3.15-3.25 EPS. On average, analysts predict that McGraw Hill Financial will post $3.21 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of McGraw Hill Financial from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday, July 16th. Separately, analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of McGraw Hill Financial in a research note to investors on Friday, June 21st. They now have a $72.00 price target on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.06%.
McGraw Hill Financial, Inc, formerly The McGraw-Hill Companies, Inc, is a financial intelligence company.