Needham & Company LLC Initiates 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.

Equities research analysts at Needham & Company LLC assumed coverage on shares of McGraw Hill (NYSE:MH - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set a "buy" rating and a $19.00 price target on the stock. Needham & Company LLC's price objective suggests a potential upside of 30.85% from the stock's previous close.

Several other analysts have also recently commented on MH. The Goldman Sachs Group began coverage on McGraw Hill in a research report on Monday. They issued a "buy" rating and a $27.00 target price for the company. Morgan Stanley assumed coverage on McGraw Hill in a report on Monday. They set an "overweight" rating and a $20.00 price objective for the company. Baird R W upgraded McGraw Hill to a "strong-buy" rating in a report on Monday. Wall Street Zen lowered McGraw Hill from a "buy" rating to a "hold" rating in a report on Saturday. Finally, William Blair assumed coverage on McGraw Hill in a report on Monday. They set an "outperform" rating for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $20.88.

McGraw Hill Stock Down 0.5%

Shares of McGraw Hill stock traded down $0.08 during midday trading on Monday, hitting $14.52. The company's stock had a trading volume of 79,116 shares, compared to its average volume of 1,198,322. McGraw Hill has a 1-year low of $12.55 and a 1-year high of $17.25.

McGraw Hill Company Profile

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.