USA Today (NYSE:TDAY) Reaches New 1-Year High – Here’s Why

USA Today Co. (NYSE:TDAY) reached a new 52-week high on Wednesday . The company traded as high as $7.82 and last traded at $7.75, with a volume of 37301 shares. The stock had previously closed at $7.73.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citizens Jmp upped their price target on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a report on Friday, February 27th. Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Rosenblatt Securities assumed coverage on USA Today in a report on Thursday, February 12th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.70.

USA Today Stock Down 1.0%

The business has a fifty day simple moving average of $7.19 and a 200 day simple moving average of $6.00. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 129.02 and a beta of 1.42. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The firm had revenue of $585.00 million for the quarter.

Hedge Funds Weigh In On USA Today

Hedge funds have recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of USA Today during the first quarter valued at approximately $31,000. Kapitalo Investimentos Ltda purchased a new stake in shares of USA Today in the third quarter valued at approximately $44,000. Principal Financial Group Inc. purchased a new stake in shares of USA Today in the third quarter valued at approximately $45,000. Public Employees Retirement System of Ohio purchased a new stake in shares of USA Today in the fourth quarter valued at approximately $45,000. Finally, PharVision Advisers LLC purchased a new stake in shares of USA Today in the third quarter valued at approximately $51,000. 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.