USA Today (NYSE:TDAY) Sets New 1-Year High – Here’s Why

Shares of USA Today Co. (NYSE:TDAY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.14 and last traded at $8.98, with a volume of 2479468 shares traded. The stock had previously closed at $8.69.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDAY. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of USA Today in a research note on Monday. Citigroup reaffirmed an “outperform” rating on shares of USA Today in a report on Tuesday, July 14th. Citizens Jmp increased their price target on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Tuesday, July 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of USA Today in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.03.

USA Today Stock Down 4.0%

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 business has a 50-day moving average price of $8.31 and a 200-day moving average price of $7.25. The firm has a market cap of $1.27 billion, a P/E ratio of 144.52 and a beta of 1.40.

Institutional Investors Weigh In On USA Today

A number of large investors have recently modified their holdings of TDAY. KBC Group NV purchased a new stake in USA Today during the 1st quarter worth approximately $31,000. Public Employees Retirement System of Ohio acquired a new stake in USA Today during the 4th quarter worth about $45,000. Public Employees Retirement Association of Colorado acquired a new stake in USA Today during the fourth quarter worth about $53,000. Nisa Investment Advisors LLC purchased a new position in shares of USA Today during the 4th quarter valued at approximately $57,000. Finally, Cruiser Capital Advisors LLC purchased a new position in USA Today in the fourth quarter valued at $57,000. Hedge funds and other 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.