USA Today (NYSE:TDAY) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of USA Today (NYSE:TDAY) in a report released on Friday morning,Benzinga reports. The brokerage currently has a $10.00 price target on the stock.

TDAY has been the subject of a number of other research reports. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup restated an “outperform” rating on shares of USA Today in a report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of USA Today in a report on Monday. Citizens Jmp upped their price target on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 14th. Finally, New Street Research set a $8.05 price objective on USA Today in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, USA Today presently has a consensus rating of “Moderate Buy” and an average price target of $9.03.

USA Today Stock Performance

USA Today stock opened at $7.19 on Friday. USA Today has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. The firm’s 50 day simple moving average is $8.31 and its 200-day simple moving average is $7.26. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.77. The company has a market cap of $1.05 billion, a P/E ratio of -23.97 and a beta of 1.40.

Institutional Investors Weigh In On USA Today

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abel Hall LLC grew its position in USA Today by 12.9% in the first quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after acquiring an additional 1,660 shares during the period. PFG Investments LLC boosted its stake in shares of USA Today by 3.2% in the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock valued at $382,000 after purchasing an additional 1,700 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of USA Today by 0.6% in the 1st quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock valued at $2,792,000 after purchasing an additional 2,287 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of USA Today by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after purchasing an additional 3,193 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of USA Today by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after purchasing an additional 3,588 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

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.