USA Today (NYSE:TDAY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded USA Today (NYSE:TDAY) from a "hold" to a "buy"; overall analyst split is two Buy and two Hold ratings, with a consensus rating of "Moderate Buy" and a consensus price target of $7.70.
• The stock was trading up (~2.2%) and opened at $7.39 with a market cap of $1.08 billion; the company reported Q1 EPS of $0.12 on $548.49 million in revenue but shows a negative P/E (-67.18) and a high debt-to-equity ratio (6.33).
• Institutional investors own 76.71% of the stock, with several public pension and investment firms recently initiating small positions.

USA Today (NYSE:TDAY - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Other equities research analysts have also issued reports about the company. Citigroup reissued a "neutral" rating on shares of USA Today in a research report on Monday, February 2nd. Citizens Jmp raised their target price on 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 report on Thursday, January 8th. Finally, Rosenblatt Securities initiated coverage on USA Today in a research report on Thursday, February 12th. They set a "buy" rating and a $10.00 target price for the company. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, USA Today has an average rating of "Moderate Buy" and a consensus price target of $7.70.

USA Today Trading Up 2.2%

NYSE TDAY opened at $7.39 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -67.18 and a beta of 1.42. The business has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $5.57. USA Today has a 12 month low of $3.08 and a 12 month high of $7.68. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 6.33.

USA Today (NYSE:TDAY - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.12 EPS for the quarter. The business had revenue of $548.49 million during the quarter. USA Today had a return on equity of 21.75% and a net margin of 1.27%.

Institutional Investors Weigh In On USA Today

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of USA Today during the 4th quarter valued at $45,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of USA Today during the 4th quarter valued at $53,000. Kapitalo Investimentos Ltda bought a new position in shares of USA Today during the 3rd quarter worth $44,000. Principal Financial Group Inc. bought a new position in shares of USA Today during the 3rd quarter worth $45,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of USA Today during the 4th quarter worth $57,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

About USA Today

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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