Rosenblatt Securities Reiterates “Buy” Rating for USA Today (NYSE:TDAY)

USA Today (NYSE:TDAY)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $10.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 24.84% from the company’s current price.

TDAY has been the subject of several other research reports. Citizens Jmp lifted their target price on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of USA Today in a research note on Monday. Citigroup reaffirmed an “outperform” rating on shares of USA Today in a report on Tuesday, July 14th. Finally, New Street Research set a $8.05 price target on USA Today in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.03.

USA Today Stock Down 7.5%

NYSE:TDAY opened at $8.01 on Friday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 133.52 and a beta of 1.40. USA Today has a one year low of $3.42 and a one year high of $9.21. The stock has a 50-day simple moving average of $8.32 and a 200 day simple moving average of $7.26. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. KBC Group NV bought a new position in USA Today in the 1st quarter valued at about $31,000. Public Employees Retirement System of Ohio acquired a new stake in shares of USA Today in the 4th quarter worth approximately $45,000. PharVision Advisers LLC acquired a new stake in shares of USA Today in the 3rd quarter worth approximately $51,000. Public Employees Retirement Association of Colorado bought a new position in shares of USA Today in the fourth quarter valued at approximately $53,000. Finally, Russell Investments Group Ltd. increased its stake 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 valued at $53,000 after acquiring an additional 11,713 shares during the period. 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.