Gannett Co. PT Raised to $38.00 (GCI)
Equities researchers at Benchmark Co. upped their price objective on shares of Gannett Co. (NYSE:GCI) from $33.00 to $38.00 in a research report issued on Monday. Benchmark Co.’s price objective would indicate a potential upside of 14.42% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Gannett Co. in a research note on Wednesday, July 23rd. They now have a $36.00 price target on the stock, up previously from $31.00. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.71.
Shares of Gannett Co. (NYSE:GCI) traded down 0.09% on Monday, hitting $33.18. The stock had a trading volume of 291,128 shares. Gannett Co. has a 1-year low of $23.75 and a 1-year high of $33.53. The stock’s 50-day moving average is $30.88 and its 200-day moving average is $28.69. The company has a market cap of $7.525 billion and a P/E ratio of 17.68.
Gannett Co. (NYSE:GCI) last released its earnings data on Tuesday, July 22nd. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.58 earnings per share. Gannett Co.’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Gannett Co. will post $2.67 EPS 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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