USA Today (NYSE:TDAY) Hits New 1-Year High – Still a Buy?

USA Today Co. (NYSE:TDAY)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $8.31 and last traded at $8.30, with a volume of 359773 shares traded. The stock had previously closed at $7.94.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their price objective on USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a report on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of USA Today in a research report on Thursday, June 4th. Wall Street Zen lowered USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Citizens Jmp boosted their price objective on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.53.

USA Today Price Performance

The company has a market cap of $1.23 billion, a PE ratio of 139.36 and a beta of 1.42. The business has a 50 day moving average of $7.61 and a 200 day moving average of $6.46. 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 issued its quarterly earnings data on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.17. The business had revenue of $548.49 million during the quarter, compared to analyst estimates of $562.00 million. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The company’s revenue for the quarter was down 4.0 on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Two Seas Capital LP purchased a new stake in USA Today in the fourth quarter worth $74,946,000. Alta Fundamental Advisers LLC bought a new stake in shares of USA Today during the 4th quarter valued at $58,346,000. Goldman Sachs Group Inc. bought a new stake in shares of USA Today during the 4th quarter valued at $28,383,000. SG Americas Securities LLC purchased a new stake in shares of USA Today in the 1st quarter worth about $35,972,000. Finally, Whitefort Capital Management LP bought a new position in shares of USA Today in the 4th quarter worth about $24,590,000. Hedge funds and other institutional investors 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.