McGraw Hill (NYSE:MH) Sets New 12-Month Low – Here’s What Happened

Shares of McGraw Hill, Inc. (NYSE:MH) reached a new 52-week low on Wednesday . The stock traded as low as $10.40 and last traded at $10.91, with a volume of 822 shares traded. The stock had previously closed at $10.90.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MH shares. Morgan Stanley initiated coverage on McGraw Hill in a research note on Monday, August 18th. They issued an “overweight” rating and a $20.00 price objective for the company. Baird R W upgraded shares of McGraw Hill to a “strong-buy” rating in a report on Monday, August 18th. Macquarie reissued an “outperform” rating and issued a $19.00 target price on shares of McGraw Hill in a research report on Friday, October 17th. JPMorgan Chase & Co. assumed coverage on McGraw Hill in a research report on Monday, August 18th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, William Blair assumed coverage on shares of McGraw Hill in a research report on Monday, August 18th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.97.

McGraw Hill Stock Up 0.6%

The firm’s 50-day moving average is $13.21.

Institutional Trading of McGraw Hill

Hedge funds have recently modified their holdings of the company. State of Wyoming bought a new position in shares of McGraw Hill during the 3rd quarter worth approximately $202,000. Teacher Retirement System of Texas acquired a new stake in shares of McGraw Hill during the third quarter worth $7,530,000. Strs Ohio acquired a new stake in shares of McGraw Hill during the third quarter worth $54,000. Finally, Peregrine Capital Management LLC bought a new position in McGraw Hill in the third quarter valued at about $3,443,000.

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.