Gannett Co. Given Average Recommendation of “Buy” by Analysts (NYSE:GCI)
Gannett Co. (NYSE:GCI) has earned an average rating of “Buy” from the twelve analysts that are presently covering the stock, AnalystRatings.NET reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.17.
Gannett Co. (NYSE:GCI) opened at 31.72 on Friday. Gannett Co. has a one year low of $23.75 and a one year high of $32.46. The stock’s 50-day moving average is $30.40 and its 200-day moving average is $28.58. The company has a market cap of $7.194 billion and a P/E ratio of 21.63.
Gannett Co. (NYSE:GCI) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Gannett Co. will post $2.67 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GCI shares. Analysts at Citigroup Inc. initiated coverage on shares of Gannett Co. in a research note on Thursday, June 26th. They set a “buy” rating and a $24.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Gannett Co. in a research note on Wednesday, June 25th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note on Wednesday, June 18th. They now have a $30.00 price target on the stock.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.