USA Today (NYSE:TDAY) Hits New 1-Year High – Should You Buy?

USA Today Co. (NYSE:TDAY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.50 and last traded at $7.26, with a volume of 1069785 shares. The stock had previously closed at $7.29.

Wall Street Analyst Weigh In

TDAY has been the subject of a number of research reports. Citizens Jmp upped their target price on shares of USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a report on Friday, February 27th. Rosenblatt Securities initiated coverage on shares of USA Today in a report on Thursday, February 12th. They set a “buy” rating and a $10.00 target price for the company. Citigroup reaffirmed a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Wall Street Zen raised shares of USA Today from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings raised shares of USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.70.

USA Today Price Performance

The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73. The stock’s fifty day moving average is $6.72 and its 200-day moving average is $5.56. The stock has a market cap of $1.06 billion, a PE ratio of -65.81 and a beta of 1.44.

USA Today (NYSE:TDAY) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. USA Today had a net margin of 0.08% and a return on equity of 5.68%. The firm had revenue of $585.00 million during the quarter.

Institutional Investors Weigh In On USA Today

Hedge funds have recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new stake in shares of USA Today in the third quarter valued at about $44,000. Principal Financial Group Inc. purchased a new stake in shares of USA Today in the third quarter valued at about $45,000. Public Employees Retirement System of Ohio purchased a new stake in shares of USA Today in the fourth quarter valued at about $45,000. PharVision Advisers LLC purchased a new stake in shares of USA Today in the third quarter valued at about $51,000. Finally, Caprock Group LLC purchased a new stake in shares of USA Today in the third quarter valued at about $53,000. Hedge funds and other institutional investors 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.