USA Today (NYSE:TDAY) Stock Rating Upgraded by Citigroup

USA Today (NYSE:TDAY) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a $8.95 target price on the stock, up from their prior target price of $7.20. Citigroup‘s target price points to a potential upside of 38.98% from the company’s previous close.

TDAY has been the topic of several other reports. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Rosenblatt Securities raised their price objective on shares of USA Today from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings downgraded shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 9th. Finally, Citizens Jmp boosted their price objective on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, USA Today currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

USA Today Stock Up 5.2%

Shares of TDAY traded up $0.32 during mid-day trading on Friday, reaching $6.44. The company’s stock had a trading volume of 2,253,683 shares, compared to its average volume of 2,008,962. USA Today has a 12-month low of $4.33 and a 12-month high of $9.21. The stock has a market cap of $945.51 million, a PE ratio of -21.47 and a beta of 1.52. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. The company’s 50 day moving average is $6.58 and its 200 day moving average is $7.06.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, November 5th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $519.24 million for the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.

Hedge Funds Weigh In On USA Today

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of USA Today by 71.2% during the third quarter. Allworth Financial LP now owns 3,930 shares of the company’s stock worth $25,000 after purchasing an additional 1,635 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of USA Today by 842.3% in the 3rd quarter. Sterling Capital Management LLC now owns 4,542 shares of the company’s stock valued at $29,000 after purchasing an additional 4,060 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of USA Today by 32.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,979 shares of the company’s stock valued at $37,000 after purchasing an additional 1,481 shares during the last quarter. Two Seas Capital LP boosted its position in shares of USA Today by 3.1% in the 3rd quarter. Two Seas Capital LP now owns 14,504,707 shares of the company’s stock valued at $91,235,000 after purchasing an additional 434,396 shares during the period. Finally, Engineers Gate Manager LP boosted its position in shares of USA Today by 82.9% in the 2nd quarter. Engineers Gate Manager LP now owns 208,538 shares of the company’s stock valued at $1,783,000 after purchasing an additional 94,548 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

USA Today Company Profile

USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.

USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.