Citizens Jmp Increases USA Today (NYSE:TDAY) Price Target to $10.00

USA Today (NYSE:TDAY) had its target price raised by Citizens Jmp from $8.00 to $10.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price target would indicate a potential upside of 16.41% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of USA Today in a research note on Thursday, June 4th. Citigroup reiterated an “outperform” rating on shares of USA Today in a research note on Tuesday. Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a report on Sunday. New Street Research set a $8.05 target price on USA Today in a research report on Friday, June 5th. Finally, Weiss Ratings lowered USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.03.

USA Today Price Performance

Shares of NYSE:TDAY opened at $8.59 on Tuesday. The firm has a market capitalization of $1.26 billion, a PE ratio of 143.19 and a beta of 1.40. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33. USA Today has a 1-year low of $3.42 and a 1-year high of $8.90. The business’s 50 day moving average is $7.93 and its 200-day moving average is $6.80.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, beating 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 business had revenue of $548.49 million during the quarter, compared to analyst estimates of $562.00 million. During the same period in the prior year, the company posted ($0.05) earnings per share. USA Today’s revenue was down 4.0 on a year-over-year basis.

Institutional Investors Weigh In On USA Today

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Abel Hall LLC raised its position in USA Today by 12.9% in the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after purchasing an additional 1,660 shares during the last quarter. PFG Investments LLC grew its holdings in shares of USA Today by 3.2% during the first quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after purchasing an additional 1,700 shares during the last quarter. First Trust Advisors LP increased its stake in shares of USA Today by 0.6% in the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock valued at $2,792,000 after buying an additional 2,287 shares in the last quarter. Legal & General Group Plc increased its stake in shares of USA Today by 2.4% in the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after buying an additional 3,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of USA Today by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after buying an additional 3,588 shares during the last quarter. 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.