USA Today (NYSE:TDAY) Hits New 12-Month High – Here’s Why

Shares of USA Today Co. (NYSE:TDAYGet Free Report) hit a new 52-week high on Friday . The stock traded as high as $8.28 and last traded at $8.12, with a volume of 431493 shares changing hands. The stock had previously closed at $8.17.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TDAY shares. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of USA Today in a report on Thursday. Citigroup reiterated a “neutral” rating on shares of USA Today in a report on Friday. Citizens Jmp increased their price objective on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a report on Friday, February 27th. New Street Research set a $8.05 price objective on USA Today in a report on Friday. Finally, Wall Street Zen upgraded USA Today from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.79.

Get Our Latest Stock Report on TDAY

USA Today Price Performance

The stock has a market cap of $1.19 billion, a P/E ratio of 135.36 and a beta of 1.42. The firm has a 50-day moving average price of $7.34 and a 200-day moving average price of $6.11. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Abel Hall LLC lifted its position in USA Today by 12.9% during the first quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after purchasing an additional 1,660 shares in the last quarter. PFG Investments LLC lifted its position in USA Today by 3.2% during the first quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock valued at $382,000 after purchasing an additional 1,700 shares in the last quarter. First Trust Advisors LP lifted its position in USA Today by 0.6% during the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock valued at $2,792,000 after purchasing an additional 2,287 shares in the last quarter. Arizona State Retirement System lifted its position in USA Today by 6.3% during the third quarter. Arizona State Retirement System now owns 41,165 shares of the company’s stock valued at $170,000 after purchasing an additional 2,457 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in USA Today by 2.4% during the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after purchasing an additional 3,193 shares in the last quarter. Institutional investors own 76.71% of the company’s stock.

USA Today Company Profile

(Get Free Report)

Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.

In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.

Recommended Stories

Receive News & Ratings for USA Today Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Today and related companies with MarketBeat.com's FREE daily email newsletter.