USA Today (NYSE:TDAY) Stock Rating Upgraded by Citigroup

Key Points

• Citigroup upgraded USA Today from “neutral” to “buy” and raised its price target from $7.20 to $8.95, implying about 39% upside from the cited share price.
• Analyst views are mixed, but MarketBeat’s consensus is “Moderate Buy”, with an average price target of $9.50; three analysts rate the stock Buy and one rates it Sell.
• Shares traded at $6.44 in Friday’s session. In its latest reported quarter, the company posted EPS of $0.01 and revenue of $519.24 million.

USA Today (NYSE:TDAY - Get Free Report) was upgraded by research analysts at Citigroup from a "neutral" rating to a "buy" rating in a research note issued on Friday, Benzinga reports. The brokerage currently has a $8.95 price target on the stock, up from their previous price target of $7.20. Citigroup's price target would suggest a potential upside of 38.98% from the company's current price.

A number of other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of USA Today from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings lowered shares of USA Today from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, September 9th. Citizens Jmp upped their price objective on USA Today from $8.00 to $10.00 and gave the company a "market outperform" rating in a report on Tuesday, July 14th. Finally, Rosenblatt Securities increased their price objective on USA Today from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.50.

USA Today Price Performance

NYSE TDAY traded up $0.32 during mid-day trading on Friday, hitting $6.44. The stock had a trading volume of 2,253,683 shares, compared to its average volume of 2,008,962. USA Today has a twelve month low of $4.33 and a twelve month high of $9.21. The stock has a market capitalization of $945.51 million, a price-to-earnings ratio of -21.47 and a beta of 1.52. The firm's 50 day moving average is $6.58 and its 200 day 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 (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 business had revenue of $519.24 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its position 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 purchasing an additional 1,635 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of 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 during the last quarter. KBC Group NV purchased a new stake in shares of USA Today during the 1st quarter worth $31,000. State of Alaska Department of Revenue lifted 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 last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of USA Today during the second quarter worth $48,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

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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