Needham & Company LLC Begins Coverage on McGraw Hill (NYSE:MH)

Key Points

• McGraw Hill has been upgraded to a "moderate buy" rating by Needham & Company with a price objective of $19.00, indicating a potential upside of 30.32% from its previous close.
• Multiple analysts, including Morgan Stanley and JPMorgan Chase, have also initiated coverage with target prices ranging from $19.00 to $21.00, while Wall Street Zen downgraded the stock to a "hold" rating.
• The current stock price of McGraw Hill is $14.58, with a 12-month trading range between $12.55 and $17.25.

Needham & Company LLC assumed coverage on shares of McGraw Hill (NYSE:MH - Free Report) in a research report report published on Monday, August 18th, MarketBeat.com reports. The firm issued a buy rating and a $19.00 price objective on the stock.

Several other equities analysts have also commented on the company. William Blair initiated coverage on McGraw Hill in a research note on Monday, August 18th. They set an "outperform" rating on the stock. Robert W. Baird initiated coverage on McGraw Hill in a research note on Monday, August 18th. They set an "outperform" rating and a $21.00 price target on the stock. UBS Group initiated coverage on McGraw Hill in a research note on Monday, August 18th. They set a "neutral" rating and a $15.00 price target on the stock. The Goldman Sachs Group initiated coverage on McGraw Hill in a research note on Monday, August 18th. They set a "buy" rating and a $27.00 price target on the stock. Finally, Macquarie initiated coverage on McGraw Hill in a research note on Monday, August 18th. They set an "outperform" rating and a $19.00 price target on the stock. One equities 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.88.

McGraw Hill Stock Performance

Shares of McGraw Hill stock traded down $0.03 during trading on Monday, hitting $14.57. 312,127 shares of the stock traded hands, compared to its average volume of 1,141,436. 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.