USA Today (NYSE:TDAY) Earns Buy Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities reiterated its “buy” rating on USA Today and set a $10.00 price target, implying approximately 24.84% upside from the stock’s current price.
• Analyst sentiment is generally positive: USA Today has an average “Moderate Buy” rating and a consensus price target of $9.03, though Weiss Ratings issued a sell rating and Wall Street Zen downgraded the stock to hold.
• USA Today shares opened at $8.01, with a market capitalization of about $1.18 billion; institutional investors and hedge funds own 76.71% of the stock.

USA Today (NYSE:TDAY - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They currently have a $10.00 target price on the stock. Rosenblatt Securities' price target indicates a potential upside of 24.84% from the company's current price.

Other research analysts have also issued reports about the company. Citizens Jmp raised their price objective on USA Today from $8.00 to $10.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 14th. New Street Research set a $8.05 target price on USA Today in a research note on Friday, June 5th. Citigroup reiterated an "outperform" rating on shares of USA Today in a report on Tuesday, July 14th. Weiss Ratings reissued a "sell (d+)" rating on shares of USA Today in a research report on Monday. Finally, Wall Street Zen cut USA Today from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.03.

USA Today Stock Performance

Shares of TDAY stock opened at $8.01 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33. The company has a market cap of $1.18 billion, a PE ratio of 133.52 and a beta of 1.40. The company's fifty day simple moving average is $8.32 and its 200-day simple moving average is $7.26. USA Today has a 52 week low of $3.42 and a 52 week high of $9.21.

Institutional Trading of USA Today

Several large investors have recently modified their holdings of TDAY. Bank of New York Mellon Corp purchased a new stake in shares of USA Today during the second quarter worth about $4,263,000. Sandro Wealth Management LLC purchased a new position in USA Today in the second quarter valued at about $562,000. State of Wyoming acquired a new stake in USA Today during the 2nd quarter valued at approximately $567,000. Regent Peak Wealth Advisors LLC purchased a new stake in USA Today during the 2nd quarter worth approximately $101,000. Finally, Verus Capital Partners LLC purchased a new stake in USA Today during the 1st quarter worth approximately $80,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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