McGraw Hill (NYSE:MH) Shares Up 6.4% - What's Next?

Key Points

• McGraw Hill's shares increased by 6.4% during trading, reaching a last traded price of $15.10 after closing at $14.19.
• A recent analyst report from Deutsche Bank issued a "buy" rating with a price target of $18.00, while Goldman Sachs set a higher target of $27.00 for McGraw Hill.
• Currently, McGraw Hill has an overall rating of "Moderate Buy" with an average consensus target price of $20.88 among analysts.

McGraw Hill, Inc. (NYSE:MH - Get Free Report)'s stock price was up 6.4% during mid-day trading on Wednesday . The company traded as high as $15.19 and last traded at $15.10. Approximately 414,362 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 978,054 shares. The stock had previously closed at $14.19.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MH shares. The Goldman Sachs Group started coverage on shares of McGraw Hill in a report on Monday, August 18th. They issued a "buy" rating and a $27.00 target price on the stock. Macquarie began coverage on shares of McGraw Hill in a report on Monday, August 18th. They set an "outperform" rating and a $19.00 price objective on the stock. BMO Capital Markets began coverage on shares of McGraw Hill in a report on Monday, August 18th. They set an "outperform" rating and a $24.00 price objective on the stock. Wall Street Zen lowered shares of McGraw Hill from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Robert W. Baird assumed coverage on shares of McGraw Hill in a report on Monday, August 18th. They issued an "outperform" rating and a $21.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.88.

McGraw Hill Stock Up 0.1%

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.