McGraw Hill (NYSE:MH) Trading Down 8.4% - Should You Sell?

Key Points

• McGraw Hill's stock fell by 8.4% during mid-day trading, closing at $12.54, significantly lower than the previous close of $13.69 with trading volume down 92% from average levels.
• Multiple analysts initiated coverage on McGraw Hill, with target prices ranging from $15.00 to $27.00, and an average rating of "Moderate Buy".
• The stock is currently being monitored closely, as one analyst rated it a Strong Buy, indicating market optimism despite the recent decline in price.

McGraw Hill, Inc. (NYSE:MH - Get Free Report) dropped 8.4% during mid-day trading on Tuesday . The stock traded as low as $12.95 and last traded at $12.54. Approximately 75,295 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 911,255 shares. The stock had previously closed at $13.69.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on McGraw Hill in a research note on Monday, August 18th. They set a "buy" rating and a $27.00 target price for the company. Stifel Nicolaus began coverage on McGraw Hill in a research note on Monday, August 18th. They issued a "buy" rating and a $19.00 price target on the stock. UBS Group began coverage on McGraw Hill in a research note on Monday, August 18th. They issued a "neutral" rating and a $15.00 price target on the stock. Macquarie began coverage on McGraw Hill in a research note on Monday, August 18th. They issued an "outperform" rating and a $19.00 price target on the stock. Finally, Robert W. Baird assumed coverage on McGraw Hill in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.97.

McGraw Hill Trading Down 5.6%

The firm has a 50-day moving average price of $14.25.

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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