USA Today (NYSE:TDAY) Reaches New 52-Week High – Time to Buy?

USA Today Co. (NYSE:TDAY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $7.68 and last traded at $7.55, with a volume of 53291 shares trading hands. The stock had previously closed at $7.61.

Analyst Upgrades and Downgrades

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

USA Today Price Performance

The stock has a 50-day moving average price of $7.00 and a 200 day moving average price of $5.85. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 127.35 and a beta of 1.42.

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

Institutional Investors Weigh In On USA Today

Institutional investors have recently added to or reduced their stakes in the business. KBC Group NV purchased a new stake in USA Today in the 1st quarter valued at approximately $31,000. Kapitalo Investimentos Ltda acquired a new stake in shares of USA Today during the 3rd quarter valued at approximately $44,000. Principal Financial Group Inc. acquired a new stake in shares of USA Today during the 3rd quarter valued at approximately $45,000. Public Employees Retirement System of Ohio acquired a new stake in shares of USA Today during the 4th quarter valued at approximately $45,000. Finally, PharVision Advisers LLC acquired a new stake in shares of USA Today during the 3rd quarter valued at approximately $51,000. 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.