USA Today (NYSE:TDAY) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of USA Today (NYSE:TDAYFree Report) from a buy rating to a hold rating in a research report released on Monday.

TDAY has been the topic of a number of other reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of USA Today in a report on Thursday, June 4th. Citigroup reissued an “outperform” rating on shares of USA Today in a report on Tuesday, July 14th. Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. New Street Research set a $8.05 price objective on USA Today in a research note on Friday, June 5th. Finally, Citizens Jmp lifted their price objective on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, USA Today has a consensus rating of “Moderate Buy” and an average target price of $9.03.

Read Our Latest Research Report on TDAY

USA Today Stock Down 0.7%

Shares of TDAY stock opened at $8.44 on Monday. USA Today has a 12 month low of $3.42 and a 12 month high of $8.90. The stock has a market cap of $1.24 billion, a P/E ratio of 140.69 and a beta of 1.40. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33. The company has a 50 day simple moving average of $8.05 and a two-hundred day simple moving average of $6.94.

USA Today (NYSE:TDAYGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.17. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The business had revenue of $548.49 million for the quarter, compared to the consensus estimate of $562.00 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was down 4.0 on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Abel Hall LLC grew its position in shares of 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 increased its holdings in shares of USA Today by 3.2% in the first quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after purchasing an additional 1,700 shares during the last quarter. First Trust Advisors LP lifted its position in shares of USA Today by 0.6% in the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock worth $2,792,000 after buying an additional 2,287 shares in the last quarter. Legal & General Group Plc lifted its position in shares of USA Today by 2.4% in the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after buying an additional 3,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in USA Today by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after buying an additional 3,588 shares during the last quarter. Hedge funds and other 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.

Further Reading

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