Noble Financial Analysts Give E. W. Scripps (SSP) a $19.00 Price Target
E. W. Scripps (NYSE:SSP) has been given a $19.00 price objective by equities research analysts at Noble Financial in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Noble Financial’s target price would indicate a potential upside of 30.94% from the stock’s previous close.
SSP has been the subject of a number of other reports. Zacks Investment Research downgraded shares of E. W. Scripps from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th. Stephens set a $15.00 target price on shares of E. W. Scripps and gave the company a “hold” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.80.
E. W. Scripps stock opened at $14.51 on Thursday. E. W. Scripps has a twelve month low of $10.69 and a twelve month high of $19.26. The company has a market cap of $1.02 billion, a PE ratio of -37.72, a P/E/G ratio of 3.19 and a beta of 2.03. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.76.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its holdings in E. W. Scripps by 1,024.7% in the 1st quarter. Quantbot Technologies LP now owns 34,752 shares of the company’s stock worth $416,000 after buying an additional 31,662 shares during the period. MetLife Investment Advisors LLC bought a new position in E. W. Scripps in the 4th quarter worth approximately $464,000. New York State Common Retirement Fund boosted its holdings in E. W. Scripps by 14.8% in the 1st quarter. New York State Common Retirement Fund now owns 323,388 shares of the company’s stock worth $3,877,000 after buying an additional 41,675 shares during the period. Cove Street Capital LLC boosted its holdings in E. W. Scripps by 17.9% in the 1st quarter. Cove Street Capital LLC now owns 3,698,719 shares of the company’s stock worth $44,347,000 after buying an additional 561,729 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in E. W. Scripps by 12.1% in the 1st quarter. Eagle Asset Management Inc. now owns 350,530 shares of the company’s stock worth $4,202,000 after buying an additional 37,815 shares during the period. 77.70% of the stock is owned by institutional investors.
E. W. Scripps Company Profile
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.
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