BMO Capital Markets Issues Positive Forecast for McGraw Hill (NYSE:MH) Stock Price

Key Points

• BMO Capital Markets raised its target price for McGraw Hill (NYSE:MH) from $24.00 to $25.00, indicating a potential upside of 73.85% from its previous close.
• Other analysts have also issued positive ratings, with several giving McGraw Hill a "buy" rating and target prices ranging from $18.00 to $28.60.
• Despite the positive forecasts, McGraw Hill's stock decreased by 3.0% during trading on Monday, closing at $14.38.

McGraw Hill (NYSE:MH - Get Free Report) had its target price upped by investment analysts at BMO Capital Markets from $24.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 73.85% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of McGraw Hill in a research report on Monday, August 18th. They issued a "buy" rating and a $18.00 target price for the company. Rothschild & Co Redburn assumed coverage on shares of McGraw Hill in a research report on Monday, August 18th. They issued a "buy" rating and a $28.60 target price for the company. Zacks Research raised McGraw Hill to a "hold" rating in a research note on Tuesday, August 19th. Needham & Company LLC began coverage on McGraw Hill in a research report on Monday, August 18th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, Baird R W raised shares of McGraw Hill to a "strong-buy" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.97.

McGraw Hill Stock Down 3.0%

Shares of NYSE MH traded down $0.45 during trading on Monday, reaching $14.38. 106,744 shares of the stock traded hands, compared to its average volume of 875,558. McGraw Hill has a 52-week low of $12.55 and a 52-week high of $17.25.

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.

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