McGraw Hill, Inc.'s Quiet Period Set To End on September 2nd (NYSE:MH)

Key Points

• McGraw Hill's quiet period is set to expire on September 2nd, following its IPO where it issued 24,390,000 shares valued at $414.6 million.
• After the quiet period, several brokerages, including Rothschild & Co Redburn and Macquarie, are initiating coverage with varying ratings and price objectives, reflecting a generally optimistic outlook.
• As of now, McGraw Hill stock has a current trading value of $14.51, with a one-year trading range between $12.55 and $17.25.

McGraw Hill's (NYSE:MH - Get Free Report) quiet period will end on Tuesday, September 2nd. McGraw Hill had issued 24,390,000 shares in its initial public offering on July 24th. The total size of the offering was $414,630,000 based on an initial share price of $17.00. During McGraw Hill's quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of McGraw Hill in a report on Monday, August 18th. They set a "buy" rating and a $19.00 price target on the stock. BTIG Research assumed coverage on shares of McGraw Hill in a report on Monday, August 18th. They set a "buy" rating and a $19.00 price target on the stock. UBS Group began coverage on shares of McGraw Hill in a report on Monday, August 18th. They set a "neutral" rating and a $15.00 price target on the stock. BMO Capital Markets began coverage on shares of McGraw Hill in a report on Monday, August 18th. They issued an "outperform" rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of McGraw Hill in a report on Monday, August 18th. They issued an "overweight" rating and a $21.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.88.

McGraw Hill Trading Down 4.7%

MH stock traded down $0.72 during trading hours on Friday, reaching $14.44. The stock had a trading volume of 121,709 shares, compared to its average volume of 1,016,770. McGraw Hill has a fifty-two week low of $12.55 and a fifty-two 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.