USA Today (NYSE:TDAY) Sets New 12-Month High – Here’s Why

USA Today Co. (NYSE:TDAY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.67 and last traded at $6.62, with a volume of 1164267 shares trading hands. The stock had previously closed at $6.51.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded USA Today from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings raised USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Rosenblatt Securities assumed coverage on shares of USA Today in a research report on Thursday, February 12th. They issued a “buy” rating and a $10.00 price objective on the stock. Citizens Jmp lifted their target price 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. Finally, Citigroup reissued a “neutral” rating on shares of USA Today in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, USA Today has an average rating of “Moderate Buy” and an average price target of $7.70.

USA Today Stock Performance

The company has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $4.84. The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73. The stock has a market cap of $969.45 million, a P/E ratio of -59.90 and a beta of 1.58.

USA Today (NYSE:TDAY) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $585.00 million for the quarter. USA Today had a net margin of 0.08% and a return on equity of 5.68%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of USA Today in the 4th quarter valued at $45,000. Public Employees Retirement Association of Colorado bought a new stake in USA Today in the fourth quarter worth $53,000. Kapitalo Investimentos Ltda bought a new stake in USA Today in the third quarter worth $44,000. Principal Financial Group Inc. purchased a new stake in USA Today during the third quarter valued at about $45,000. Finally, Nisa Investment Advisors LLC purchased a new stake in USA Today during the fourth quarter valued at about $57,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

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.