USA Today (NYSE:TDAY) Given New $10.00 Price Target at Citizens Jmp

USA Today (NYSE:TDAY) had its price target hoisted by Citizens Jmp from $8.00 to $10.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a market outperform rating on the stock.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen upgraded USA Today from a “hold” rating to a “buy” rating in a research note on Sunday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of USA Today in a research report on Thursday, June 4th. Citigroup reiterated an “outperform” rating on shares of USA Today in a research note on Tuesday. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, New Street Research set a $8.05 price target on shares of USA Today in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.03.

USA Today Trading Down 1.6%

NYSE TDAY opened at $8.45 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33. The firm has a market cap of $1.24 billion, a PE ratio of 140.86 and a beta of 1.40. The company has a 50 day moving average price of $7.95 and a 200 day moving average price of $6.83. USA Today has a 52 week low of $3.42 and a 52 week high of $8.90.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.17. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The company had revenue of $548.49 million during the quarter, compared to the consensus estimate of $562.00 million. During the same period last year, the firm earned ($0.05) earnings per share. USA Today’s revenue was down 4.0 compared to the same quarter last year.

Institutional Trading of USA Today

A number of hedge funds have recently modified their holdings of TDAY. Two Seas Capital LP acquired a new position in shares of USA Today in the 4th quarter valued at $74,946,000. Alta Fundamental Advisers LLC acquired a new stake in USA Today during the fourth quarter valued at $58,346,000. Goldman Sachs Group Inc. purchased a new position in USA Today in the fourth quarter valued at $28,383,000. SG Americas Securities LLC purchased a new position in USA Today in the first quarter valued at $35,972,000. Finally, Whitefort Capital Management LP purchased a new position in USA Today in the fourth quarter valued at $24,590,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

About USA Today

Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.

In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.