USA Today’s (TDAY) Buy Rating Reaffirmed at Rosenblatt Securities

USA Today (NYSE:TDAY)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $10.00 price target on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 23.61% from the company’s previous close.

Several other research firms have also weighed in on TDAY. Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Citizens Jmp boosted their target price on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a research report on Friday, February 27th. Finally, Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, USA Today presently has an average rating of “Hold” and an average target price of $7.70.

USA Today Trading Up 1.8%

Shares of TDAY stock traded up $0.14 during trading hours on Thursday, reaching $8.09. The company had a trading volume of 167,499 shares, compared to its average volume of 1,717,960. USA Today has a 1-year low of $3.15 and a 1-year high of $8.19. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 134.86 and a beta of 1.42. The company has a 50 day moving average of $7.31 and a 200 day moving average of $6.08.

Institutional Investors Weigh In On USA Today

Hedge funds have recently modified their holdings of the business. Two Seas Capital LP bought a new position in shares of USA Today during the 4th quarter valued at about $74,946,000. Alta Fundamental Advisers LLC bought a new stake in USA Today during the 4th quarter worth approximately $58,346,000. Vanguard Group Inc. raised its holdings in USA Today by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock worth $35,254,000 after buying an additional 164,690 shares during the period. SG Americas Securities LLC raised its holdings in USA Today by 172.6% during the 4th quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock worth $26,839,000 after buying an additional 3,735,152 shares during the period. Finally, Cooperman Leon G lifted its stake in USA Today by 0.4% in the third quarter. Cooperman Leon G now owns 5,867,209 shares of the company’s stock valued at $24,232,000 after buying an additional 23,151 shares in 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.