Citizens Jmp Issues Positive Forecast for USA Today (NYSE:TDAY) Stock Price

USA Today (NYSE:TDAY) had its target price boosted by equities researchers at Citizens Jmp from $6.00 to $8.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target indicates a potential upside of 24.80% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TDAY. Wall Street Zen upgraded shares of USA Today from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings raised USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 8th. Rosenblatt Securities initiated coverage on shares of USA Today in a report on Thursday, February 12th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of USA Today in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, USA Today currently has an average rating of “Moderate Buy” and an average price target of $7.70.

USA Today Stock Up 4.7%

TDAY stock opened at $6.41 on Friday. The company has a market capitalization of $942.98 million, a P/E ratio of 30.53 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 4.66. USA Today has a twelve month low of $2.55 and a twelve month high of $6.65. The firm has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $4.73.

USA Today (NYSE:TDAY) last posted its earnings results on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. USA Today had a net margin of 4.11% and a return on equity of 42.98%.

Institutional Investors Weigh In On USA Today

A number of hedge funds and other institutional investors have recently bought and sold shares of TDAY. Kapitalo Investimentos Ltda acquired a new stake in USA Today in the 3rd quarter valued at about $44,000. Principal Financial Group Inc. acquired a new position in shares of USA Today during the third quarter valued at $45,000. Public Employees Retirement System of Ohio bought a new position in USA Today in the fourth quarter valued at about $45,000. Savant Capital LLC acquired a new stake in USA Today in the second quarter worth about $50,000. Finally, PharVision Advisers LLC bought a new stake in USA Today during the 3rd quarter worth about $51,000. 76.71% of the stock is owned by institutional investors and hedge funds.

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.