Zacks Reiterates Neutral Rating for Gannett Co. (GCI)
Gannett Co. (NYSE:GCI)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Friday, Analyst Ratings Network.com reports. They currently have a $29.00 price objective on the stock. Zacks‘s price target points to a potential upside of 6.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of Gannett Co. from $32.00 to $35.00 in a research note on Monday, March 24th. They now have a “buy” rating on the stock. Separately, analysts at Barclays upgraded shares of Gannett Co. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 19th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at CIBC upgraded shares of Gannett Co. from an “underperform” rating to a “sector outperform” rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.69.
Shares of Gannett Co. (NYSE:GCI) traded up 0.18% during mid-day trading on Friday, hitting $27.28. The stock had a trading volume of 1,676,478 shares. Gannett Co. has a 1-year low of $19.72 and a 1-year high of $30.43. The stock has a 50-day moving average of $27.42 and a 200-day moving average of $27.71. The company has a market cap of $6.203 billion and a price-to-earnings ratio of 16.40.
Gannett Co. (NYSE:GCI) last released its earnings data on Wednesday, April 23rd. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $0.37 earnings per share. Gannett Co.’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Gannett Co. will post $2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, June 4th.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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