USA Today (NYSE:TDAY) Lowered to “Hold” Rating by Wall Street Zen

USA Today (NYSE:TDAY) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday.

Other equities analysts have also issued research reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of USA Today in a research note on Thursday, June 4th. Citigroup restated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Citizens Jmp lifted their price target on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Tuesday, July 14th. New Street Research set a $8.05 price target on shares of USA Today in a research report on Friday, June 5th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, USA Today presently has an average rating of “Moderate Buy” and an average target price of $9.03.

USA Today Stock Up 0.1%

Shares of TDAY opened at $8.51 on Monday. The company has a market capitalization of $1.25 billion, a P/E ratio of 141.86 and a beta of 1.40. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77. USA Today has a one year low of $3.42 and a one year high of $8.90. The business’s 50 day simple moving average is $8.02 and its 200-day simple moving average is $6.92.

USA Today (NYSE:TDAY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.17. USA Today had a return on equity of 21.75% and a net margin of 1.27%.The business had revenue of $548.49 million for the quarter, compared to analyst estimates of $562.00 million. During the same period in the prior year, the company earned ($0.05) EPS. USA Today’s revenue for the quarter was down 4.0 on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. KBC Group NV bought a new position in USA Today in the 1st quarter valued at $31,000. Public Employees Retirement System of Ohio acquired a new stake in shares of USA Today in the 4th quarter valued at $45,000. PharVision Advisers LLC bought a new stake in shares of USA Today during the third quarter worth $51,000. Public Employees Retirement Association of Colorado bought a new stake in shares of USA Today during the fourth quarter worth $53,000. Finally, Russell Investments Group Ltd. raised its position in shares of USA Today by 1,130.6% during the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after acquiring an additional 11,713 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

USA Today Company Profile

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.