Citigroup upgraded shares of USA Today (NYSE:TDAY – Free Report) from a neutral rating to a buy rating in a research report sent to investors on Friday,Benzinga reports. Citigroup currently has $8.95 price target on the stock, up from their prior price target of $7.20.
A number of other research analysts have also issued reports on TDAY. Citizens Jmp upped their price target on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. Rosenblatt Securities lifted their price target on USA Today from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Three equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.
Check Out Our Latest Research Report on USA Today
USA Today Stock Up 6.7%
Shares of TDAY traded up $0.41 during midday trading on Friday, hitting $6.53. 3,884,622 shares of the company’s stock traded hands, compared to its average volume of 2,563,410. USA Today has a 1 year low of $4.33 and a 1 year high of $9.21. The firm’s fifty day moving average is $6.59 and its 200-day moving average is $7.06. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74. The stock has a market capitalization of $958.73 million, a price-to-earnings ratio of -108.82 and a beta of 1.52.
USA Today (NYSE:TDAY – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%. The company had revenue of $519.24 million for the quarter.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of USA Today by 32.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,979 shares of the company’s stock worth $37,000 after purchasing an additional 1,481 shares during the period. Allworth Financial LP increased its holdings in shares of USA Today by 71.2% in the 3rd quarter. Allworth Financial LP now owns 3,930 shares of the company’s stock valued at $25,000 after acquiring an additional 1,635 shares during the period. Abel Hall LLC raised its stake in USA Today by 12.9% during the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after acquiring an additional 1,660 shares during the last quarter. First Trust Advisors LP raised its position in USA Today by 0.6% during the 1st 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 during the last quarter. Finally, Corient Private Wealth LP grew its stake in shares of USA Today by 23.3% during the 2nd quarter. Corient Private Wealth LP now owns 14,798 shares of the company’s stock worth $127,000 after purchasing an additional 2,793 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.
USA Today Company Profile
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.
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