Gannett Co. Receives Average Rating of “Buy” from Analysts (NYSE:GCI)
Gannett Co. (NYSE:GCI) has earned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, AnalystRatings.NET reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.00.
Gannett Co. (NYSE:GCI) traded down 0.30% during mid-day trading on Thursday, hitting $33.73. The stock had a trading volume of 114,769 shares. Gannett Co. has a one year low of $23.75 and a one year high of $35.70. The stock has a 50-day moving average of $33.20 and a 200-day moving average of $29.63. The company has a market cap of $7.611 billion and a price-to-earnings ratio of 18.01.
Gannett Co. (NYSE:GCI) last issued its quarterly 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. On average, analysts predict that Gannett Co. will post $2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Gannett Co. from $35.00 to $39.00 in a research note on Wednesday, August 6th. Separately, analysts at FBR Capital Markets raised their price target on shares of Gannett Co. from $36.00 to $40.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note on Monday, July 28th. They now have a $35.00 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.
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