USA Today (NYSE:TDAY) Upgraded to “Buy” at Wall Street Zen

USA Today (NYSE:TDAY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Other equities research analysts have also recently issued research reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of USA Today in a research report on Thursday, June 4th. Weiss Ratings lowered shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Citigroup boosted their target price on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a research report on Friday, June 5th. Finally, New Street Research set a $8.05 price target on shares of USA Today in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.53.

USA Today Stock Performance

Shares of NYSE:TDAY traded up $0.08 during trading on Friday, reaching $8.52. 1,158,821 shares of the stock were exchanged, compared to its average volume of 1,394,696. USA Today has a 12 month low of $3.42 and a 12 month high of $8.90. The stock has a 50-day moving average price of $7.90 and a 200-day moving average price of $6.76. 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 firm has a market cap of $1.25 billion, a PE ratio of 142.02 and a beta of 1.40.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.17. USA Today had a return on equity of 21.75% and a net margin of 1.27%.The company had revenue of $548.49 million for the quarter, compared to analyst estimates of $562.00 million. During the same quarter last year, the company earned ($0.05) earnings per share. The firm’s quarterly revenue was down 4.0 compared to the same quarter last year.

Institutional Trading of USA Today

Several large investors have recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC bought a new position in USA Today in the second quarter valued at about $101,000. Verus Capital Partners LLC bought a new position in shares of USA Today in the first quarter worth about $80,000. Quantinno Capital Management LP boosted its stake in shares of USA Today by 25.9% in the 1st quarter. Quantinno Capital Management LP now owns 34,152 shares of the company’s stock valued at $241,000 after purchasing an additional 7,022 shares in the last quarter. FourWorld Capital Management LLC bought a new stake in shares of USA Today during the 1st quarter valued at approximately $6,194,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of USA Today during the 1st quarter valued at approximately $1,532,000. 76.71% of the stock is 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.