USA Today (NYSE:TDAY) Sets New 12-Month High – Should You Buy?

USA Today Co. (NYSE:TDAY)’s share price reached a new 52-week high on Thursday . The company traded as high as $8.89 and last traded at $8.88, with a volume of 1409865 shares. The stock had previously closed at $8.55.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup raised their price target on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a report on Friday, June 5th. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings downgraded USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of USA Today in a research note on Thursday, June 4th. Finally, New Street Research set a $8.05 target price on USA Today in a research report on Friday, June 5th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.53.

USA Today Stock Performance

The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a market cap of $1.30 billion, a PE ratio of 148.02 and a beta of 1.40. The company’s 50-day moving average price is $7.72 and its two-hundred day moving average price is $6.57.

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

Hedge Funds Weigh In On USA Today

Several institutional investors have recently modified their holdings of the company. Abel Hall LLC raised its holdings in shares of USA Today by 12.9% during the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after buying an additional 1,660 shares in the last quarter. PFG Investments LLC lifted its position in USA Today by 3.2% in the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after buying an additional 1,700 shares during the last quarter. First Trust Advisors LP boosted its stake in USA Today by 0.6% in the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock worth $2,792,000 after buying an additional 2,287 shares in the last quarter. Legal & General Group Plc boosted its stake in USA Today by 2.4% in the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after buying an additional 3,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in USA Today by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after acquiring an additional 3,588 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors.

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.