McGraw Hill Appoints Philip Moyer as New CEO
Written by Emily J. Thompson, Senior Investment Analyst
McGraw Hill (MH) announced that Philip Moyer will become the company's president and CEO and join the board of directors effective February 9. Moyer succeeds Simon Allen, who will retire as president and CEO after leading the company since October 2019. Allen will continue as chair of the company's board of directors and will work closely with Moyer and the McGraw Hill executive team to ensure a transition. Moyer most recently served as CEO of Vimeo (VMEO).
Analyst Views on MH
Wall Street analysts forecast MH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MH is 20.00 USD with a low forecast of 16.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 15.350
Low
16.00
Averages
20.00
High
25.00
Current: 15.350
Low
16.00
Averages
20.00
High
25.00
About MH
McGraw Hill, Inc. is a global provider of information solutions for education across K-12 to higher education and through professional learning. Its segments include K-12, Higher Education, Global Professional, International, and Other. K-12 segment provides end-to-end core, supplemental and intervention curricula to support the needs of U.S. K-12 schools. The Company sells blended digital and print learning solutions directly to school districts across the United States. Higher Education segment provides students, instructors and institutions with adaptive digital learning solutions and content, and instructional materials. Global Professional provides students, institutions and professionals with comprehensive medical and engineering learning solutions. International segment is a provider of comprehensive digital and print solutions in more than 100 countries and 80 languages outside the United States. Other segment includes in-transit product sales and certain transactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
