USA Today (NYSE:TDAY) Reaches New 12-Month High - What's Next?

Key Points

• Shares hit a new 52-week high — TDAY traded as high as $7.50 (last $7.26) with about 1.07M shares changing hands, and recent analyst activity has lifted the consensus to a Moderate Buy with a $7.70 average price target.
• Fundamentals show strain: the company reported ($0.21) EPS on $585M revenue, has a negative P/E (-65.99), low liquidity (current ratio 0.75) and high leverage (debt-to-equity 5.72) despite a $1.07B market cap.
• Institutional ownership is high at 76.71%, and several funds recently increased positions modestly, indicating continued institutional interest.

Shares of USA Today Co. (NYSE:TDAY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.50 and last traded at $7.26, with a volume of 1069785 shares trading hands. The stock had previously closed at $7.29.

Wall Street Analysts Forecast Growth

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

USA Today Trading Down 0.4%

The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 5.72. The company has a fifty day moving average price of $6.67 and a 200-day moving average price of $5.52. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -65.99 and a beta of 1.44.

USA Today (NYSE:TDAY - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share for the quarter. The business 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDAY. PFG Investments LLC lifted its holdings in USA Today by 3.2% in the first quarter. PFG Investments LLC now owns 54,243 shares of the company's stock valued at $382,000 after acquiring an additional 1,700 shares during the last quarter. Arizona State Retirement System lifted its holdings in USA Today by 6.3% in the third quarter. Arizona State Retirement System now owns 41,165 shares of the company's stock valued at $170,000 after acquiring an additional 2,457 shares during the last quarter. Legal & General Group Plc lifted its holdings in USA Today by 2.4% in the second quarter. Legal & General Group Plc now owns 137,622 shares of the company's stock valued at $493,000 after acquiring an additional 3,193 shares during the last quarter. State of Wyoming lifted its holdings in USA Today by 8.0% in the third quarter. State of Wyoming now owns 48,493 shares of the company's stock valued at $200,000 after acquiring an additional 3,574 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in USA Today by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company's stock valued at $244,000 after acquiring an additional 3,588 shares during the last quarter. 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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