USA Today (NYSE:TDAY) Sets New 1-Year High – Here’s Why

USA Today Co. (NYSE:TDAY) shares hit a new 52-week high on Wednesday . The stock traded as high as $7.45 and last traded at $7.40, with a volume of 142091 shares. The stock had previously closed at $7.34.

Analyst Ratings Changes

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

USA Today Stock Down 2.3%

The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73. The firm’s 50-day moving average price is $6.61 and its 200 day moving average price is $5.45. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -65.99 and a beta of 1.44.

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

Institutional Trading of USA Today

Large investors have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda acquired a new position in USA Today in the 3rd quarter valued at about $44,000. Principal Financial Group Inc. purchased a new stake in shares of USA Today during the third quarter worth about $45,000. Public Employees Retirement System of Ohio acquired a new position in shares of USA Today in the fourth quarter valued at approximately $45,000. PharVision Advisers LLC purchased a new position in shares of USA Today during the third quarter valued at approximately $51,000. Finally, Caprock Group LLC purchased a new position in shares of USA Today during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

USA Today Company Profile

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.