USA Today (NYSE:TDAY) Hits New 52-Week High – What’s Next?

USA Today Co. (NYSE:TDAY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $7.32 and last traded at $7.30, with a volume of 1524029 shares trading hands. The stock had previously closed at $7.19.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDAY. Rosenblatt Securities assumed coverage on USA Today in a report on Thursday, February 12th. They issued a “buy” rating and a $10.00 price objective on the stock. Wall Street Zen raised USA Today from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Finally, Citizens Jmp increased their target price on shares of USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

USA Today Stock Up 0.1%

The business has a 50-day simple moving average of $6.48 and a 200-day simple moving average of $5.34. The company has a debt-to-equity ratio of 5.72, a quick ratio of 0.73 and a current ratio of 0.75. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -66.72 and a beta of 1.44.

USA Today (NYSE:TDAY) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. USA Today had a return on equity of 5.68% and a net margin of 0.08%.The firm had revenue of $585.00 million during the quarter.

Institutional Trading of USA Today

A number of institutional investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda acquired a new stake in shares of USA Today during the 3rd quarter worth about $44,000. Principal Financial Group Inc. purchased a new position in USA Today in the third quarter valued at approximately $45,000. Public Employees Retirement System of Ohio purchased a new position in USA Today in the fourth quarter valued at approximately $45,000. PharVision Advisers LLC acquired a new stake in USA Today during the third quarter worth approximately $51,000. Finally, Caprock Group LLC purchased a new stake in shares of USA Today during the 3rd quarter worth approximately $53,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

About USA Today

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.