McGraw-Hill Started as a “Buy” at Jefferies (MHP)
Publishing giant The McGraw-Hill Companies, Inc. ( MHP ) on Thursday caught some positive commentary from analysts at Jefferies & Co.
The firm said it initiated coverage on MHP with a "Buy" rating and a $54 price target, suggesting a 14% upside to the stock's Wednesday closing price of $47.15.
A Jefferies analyst commented, "MHP scores highest on our 'resilience' index. With sector beating RoIC, a nimble balance sheet and only limited exposure to Europe, we see MHP as best placed to manage change."
McGraw-Hill shares were unchanged in premarket trading Thursday.
The Bottom Line
Shares of McGraw-Hill ( MHP ) have a 2.16% dividend yield, based on last night's closing stock price of $47.15. The stock has technical support in the $42-$44 price area. If the shares can firm up, we see overhead resistance around the $50-$54 price levels.
The McGraw-Hill Companies, Inc. ( MHP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.