Macquarie Reaffirms Outperform Rating for McGraw Hill (NYSE:MH)

Key Points

• Macquarie has restated its outperform rating for McGraw Hill (NYSE:MH), setting a price objective of $19.00, indicating a potential upside of 52.49% from the current stock price.
• Other analysts, including BMO Capital Markets and Morgan Stanley, have also raised their price targets, with consensus rating for the stock classified as a Moderate Buy.
• McGraw Hill's stock opened at $12.46 and has seen fluctuations between a low of $11.17 and a high of $17.25 over the past year.

McGraw Hill (NYSE:MH - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Macquarie in a note issued to investors on Friday,Benzinga reports. They presently have a $19.00 price objective on the stock. Macquarie's price objective points to a potential upside of 52.49% from the company's current price.

Other research analysts have also issued research reports about the stock. BMO Capital Markets raised their price objective on shares of McGraw Hill from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Morgan Stanley initiated coverage on shares of McGraw Hill in a research report on Monday, August 18th. They issued an "overweight" rating and a $20.00 price target for the company. William Blair assumed coverage on shares of McGraw Hill in a research report on Monday, August 18th. They set an "outperform" rating on the stock. Needham & Company LLC began coverage on shares of 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, Robert W. Baird began coverage on shares of McGraw Hill in a research note on Monday, August 18th. They issued an "outperform" rating and a $21.00 price objective on the stock. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.97.

McGraw Hill Stock Performance

Shares of NYSE:MH opened at $12.46 on Friday. The business's fifty day simple moving average is $13.76. McGraw Hill has a 1-year low of $11.17 and a 1-year 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.