USA Today (NYSE:TDAY - Get Free Report) had its target price raised by investment analysts at Rosenblatt Securities from $10.00 to $11.00 in a report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities's target price would indicate a potential upside of 80.33% from the company's previous close.
A number of other analysts have also recently weighed in on TDAY. Weiss Ratings cut shares of USA Today from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, September 9th. Citizens Jmp raised their price target on shares of USA Today from $8.00 to $10.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 14th. Citigroup restated a "neutral" rating on shares of USA Today in a research note on Monday, August 24th. Finally, Wall Street Zen downgraded USA Today from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.28.
Get Our Latest Research Report on TDAY
USA Today Stock Performance
Shares of NYSE TDAY 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. USA Today has a one year low of $4.33 and a one year high of $9.21. The business has a fifty day simple moving average of $6.58 and a 200 day simple moving average of $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.
USA Today (NYSE:TDAY - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.01 earnings per share 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 for the quarter.
Institutional Investors Weigh In On USA Today
A number of hedge funds have recently made changes to their positions in TDAY. Two Seas Capital LP acquired a new position in USA Today in the second quarter worth $120,301,000. BlackRock Inc. bought a new stake in shares of USA Today during the second quarter worth approximately $89,866,000. Bank of America Corp DE acquired a new position in shares of USA Today in the 2nd quarter valued at $29,881,000. Whitefort Capital Management LP bought a new stake in USA Today in the second quarter valued at about $17,141,322. Finally, Jefferies Financial Group Inc. bought a new stake in USA Today in the second quarter valued at about $17,100,000. Institutional investors and hedge funds own 76.71% of the company's stock.
USA Today Company Profile
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Get Free Report)
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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