USA Today (NYSE:TDAY – Get Free Report) had its price objective boosted by equities research analysts at Rosenblatt Securities from $10.00 to $11.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities‘s price objective indicates a potential upside of 80.33% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Weiss Ratings cut shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 9th. Citizens Jmp boosted their price target on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Tuesday, July 14th. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Finally, Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, USA Today has a consensus rating of “Hold” and an average price target of $9.28.
View Our Latest Stock Analysis on TDAY
USA Today Stock Up 0.5%
USA Today stock opened at $6.10 on Friday. The firm has a market capitalization of $895.59 million, a price-to-earnings ratio of -20.33 and a beta of 1.52. The company’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $7.06. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. USA Today has a fifty-two week low of $4.33 and a fifty-two week high of $9.21.
USA Today (NYSE:TDAY – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.01 EPS for the quarter. USA Today had a negative net margin of 1.81% and a negative return on equity of 21.13%. The firm had revenue of $519.24 million during the quarter.
Hedge Funds Weigh In On USA Today
Several institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC increased its stake in USA Today by 842.3% during the 3rd quarter. Sterling Capital Management LLC now owns 4,542 shares of the company’s stock worth $29,000 after purchasing an additional 4,060 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in USA Today by 32.9% in the third quarter. State of Alaska Department of Revenue now owns 5,979 shares of the company’s stock valued at $37,000 after buying an additional 1,481 shares in the last quarter. Two Seas Capital LP lifted its stake in USA Today by 3.1% in the third quarter. Two Seas Capital LP now owns 14,504,707 shares of the company’s stock valued at $91,235,000 after buying an additional 434,396 shares in the last quarter. Engineers Gate Manager LP lifted its stake in USA Today by 82.9% in the second quarter. Engineers Gate Manager LP now owns 208,538 shares of the company’s stock valued at $1,783,000 after buying an additional 94,548 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of USA Today in the second quarter valued at approximately $48,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
About USA Today
USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.
Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.
USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.
Featured Articles
- Five stocks we like better than USA Today
- GE Aerospace Has a $170 Billion Backlog, But Is the Stock Worth the Premium?
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
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.
