USA Today (NYSE:TDAY) Price Target Raised to $8.00 at Citizens Jmp

USA Today (NYSE:TDAY) had its target price raised by equities researchers at Citizens Jmp from $6.00 to $8.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 24.80% from the stock’s current price.

A number of other brokerages have also issued reports on TDAY. Wall Street Zen raised USA Today from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Rosenblatt Securities initiated coverage on USA Today in a research report on Thursday, February 12th. They issued a “buy” rating and a $10.00 price target for the company. Citigroup reissued a “neutral” rating on shares of USA Today in a research report on Monday, February 2nd. 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

USA Today Price Performance

Shares of NYSE TDAY opened at $6.41 on Friday. USA Today has a twelve month low of $2.55 and a twelve month high of $6.65. The firm has a fifty day simple moving average of $5.53 and a 200 day simple moving average of $4.73. The company has a market capitalization of $942.98 million, a PE ratio of 30.53 and a beta of 1.59. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 4.66.

USA Today (NYSE:TDAY) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. USA Today had a net margin of 4.11% and a return on equity of 42.98%.

Hedge Funds Weigh In On USA Today

Several hedge funds have recently bought and sold shares of TDAY. Public Employees Retirement System of Ohio purchased a new stake in shares of USA Today in the fourth quarter valued at $45,000. Public Employees Retirement Association of Colorado acquired a new position in USA Today during the fourth quarter worth approximately $53,000. Kapitalo Investimentos Ltda purchased a new position in USA Today during the third quarter worth approximately $44,000. Principal Financial Group Inc. purchased a new position in shares of USA Today in the 3rd quarter worth $45,000. Finally, Nisa Investment Advisors LLC acquired a new stake in USA Today during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

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.