Gannett Co. Now Covered by JPMorgan Chase & Co. (GCI)
Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Gannett Co. (NYSE:GCI) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
In other Gannett Co. news, VP David Payne sold 23,000 shares of Gannett Co. stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $29.45, for a total transaction of $677,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Gannett Co. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th. Separately, analysts at UBS AG raised their price target on shares of Gannett Co. from $25.00 to $30.00 in a research note to investors on Monday, December 30th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note to investors on Thursday, December 26th. They now have a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.06.
Shares of Gannett Co. (NYSE:GCI) opened at 29.52 on Friday. Gannett Co. has a one year low of $18.38 and a one year high of $30.43. The stock’s 50-day moving average is $27.48 and its 200-day moving average is $26.34. The company has a market cap of $6.727 billion and a P/E ratio of 17.57.
Gannett Co. (NYSE:GCI) last announced its earnings results on Monday, October 21st. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.56 earnings per share. Gannett Co.’s revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that Gannett Co. will post $2.05 earnings per share for the current fiscal year.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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