USA Today (NYSE:TDAY) Reaches New 52-Week High – Still a Buy?

USA Today Co. (NYSE:TDAY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $7.68 and last traded at $7.55, with a volume of 53291 shares changing hands. The stock had previously closed at $7.61.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Rosenblatt Securities assumed coverage on USA Today in a research note on Thursday, February 12th. They issued a “buy” rating and a $10.00 price target for the company. Citigroup reissued a “neutral” rating on shares of USA Today in a research note on Monday, February 2nd. Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Citizens Jmp boosted their price target on USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, USA Today currently has an average rating of “Hold” and an average target price of $7.70.

USA Today Stock Down 0.7%

The stock has a market cap of $1.09 billion, a P/E ratio of 124.35 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33. The business has a 50-day simple moving average of $7.04 and a 200-day simple moving average of $5.89.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $585.00 million for 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 added to or reduced their stakes in the stock. KBC Group NV bought a new stake in USA Today during the first quarter worth approximately $31,000. Public Employees Retirement System of Ohio bought a new stake in USA Today during the fourth quarter worth approximately $45,000. Public Employees Retirement Association of Colorado bought a new stake in USA Today during the fourth quarter worth approximately $53,000. Kapitalo Investimentos Ltda bought a new stake in USA Today during the third quarter worth approximately $44,000. Finally, Principal Financial Group Inc. bought a new stake in USA Today during the third quarter worth approximately $45,000. Institutional investors own 76.71% of the company’s stock.

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.