USA Today (NYSE:TDAY) Rating Lowered to “Hold” at Wall Street Zen

USA Today (NYSE:TDAY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday.

Other analysts also recently issued research reports about the stock. Citizens Jmp upped their price target on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Citigroup restated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of USA Today in a report on Thursday, June 4th. Finally, New Street Research set a $8.05 price target on USA Today in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.03.

USA Today Stock Up 1.8%

TDAY stock opened at $8.57 on Monday. The company has a market cap of $1.26 billion, a PE ratio of 142.86 and a beta of 1.40. The business has a 50-day simple moving average of $8.07 and a 200 day simple moving average of $6.97. USA Today has a 52 week low of $3.42 and a 52 week high of $8.90. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33.

USA Today (NYSE:TDAY) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.17. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The business had revenue of $548.49 million during the quarter, compared to analysts’ expectations of $562.00 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. USA Today’s revenue was down 4.0 compared to the same quarter last year.

Institutional Investors Weigh In On USA Today

Several hedge funds and other institutional investors have recently made changes to their positions in TDAY. KBC Group NV bought a new position in USA Today in the 1st quarter valued at approximately $31,000. Public Employees Retirement System of Ohio bought a new stake in shares of USA Today during the fourth quarter worth $45,000. PharVision Advisers LLC bought a new stake in shares of USA Today during the third quarter worth $51,000. Public Employees Retirement Association of Colorado acquired a new position in shares of USA Today during the fourth quarter worth $53,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of USA Today by 1,130.6% during the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after buying an additional 11,713 shares in the last quarter. 76.71% of the stock is owned by institutional investors.

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.