Rosenblatt Securities Issues Positive Forecast for USA Today (NYSE:TDAY) Stock Price

USA Today (NYSE:TDAY) had its price objective increased by Rosenblatt Securities from $10.00 to $11.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on TDAY. Weiss Ratings cut shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. Citigroup reiterated a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Wall Street Zen downgraded shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Citizens Jmp raised their price target on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, USA Today presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

USA Today Stock Up 6.7%

Shares of NYSE TDAY traded up $0.41 during trading on Friday, reaching $6.53. The company had a trading volume of 3,884,622 shares, compared to its average volume of 2,563,410. USA Today has a 12-month low of $4.33 and a 12-month high of $9.21. The stock has a market cap of $958.73 million, a PE ratio of -108.82 and a beta of 1.52. The business’s 50-day moving average is $6.59 and its 200 day moving average is $7.06. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74.

USA Today (NYSE:TDAY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $519.24 million during the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.

Hedge Funds Weigh In On USA Today

Hedge funds have recently bought and sold shares of the business. Two Seas Capital LP purchased a new stake in shares of USA Today during the 2nd quarter valued at about $120,301,000. BlackRock Inc. bought a new position in USA Today during the second quarter valued at approximately $89,866,000. Bank of America Corp DE bought a new position in USA Today during the second quarter valued at approximately $29,881,000. Whitefort Capital Management LP bought a new position in USA Today during the second quarter valued at approximately $17,141,322. Finally, Jefferies Financial Group Inc. purchased a new stake in USA Today in the second quarter worth approximately $17,100,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

About USA Today

USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.

USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.