Gannett Co.’s “Buy” Rating Reaffirmed at Noble Financial (GCI)
Gannett Co. (NYSE:GCI)‘s stock had its “buy” rating reaffirmed by stock analysts at Noble Financial in a report issued on Thursday, American Banking and Market News reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note on Friday, May 2nd. They now have a $29.00 price target on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.79.
Shares of Gannett Co. (NYSE:GCI) traded down 1.03% on Thursday, hitting $26.94. 1,759,829 shares of the company’s stock traded hands. Gannett Co. has a 52 week low of $19.72 and a 52 week high of $30.43. The stock’s 50-day moving average is $27.18 and its 200-day moving average is $27.73. The company has a market cap of $6.110 billion and a price-to-earnings ratio of 18.50.
Gannett Co. (NYSE:GCI) last issued its quarterly 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. On average, analysts predict that Gannett Co. will post $2.68 earnings per share 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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