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

USA Today Co. (NYSE:TDAY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.32 and last traded at $7.30, with a volume of 1524029 shares traded. The stock had previously closed at $7.19.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TDAY. Rosenblatt Securities began coverage on shares of USA Today in a report on Thursday, February 12th. They set a “buy” rating and a $10.00 price objective on the stock. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Weiss Ratings upgraded shares of USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 8th. 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, Wall Street Zen upgraded shares of USA Today from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

USA Today Stock Performance

The company has a debt-to-equity ratio of 5.72, a quick ratio of 0.73 and a current ratio of 0.75. The firm’s 50-day moving average price is $6.43 and its two-hundred day moving average price is $5.31. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -66.54 and a beta of 1.44.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share for the quarter. USA Today had a net margin of 0.08% and a return on equity of 5.68%. The business had revenue of $585.00 million for the quarter.

Hedge Funds Weigh In On USA Today

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in USA Today in the fourth quarter valued at about $45,000. Public Employees Retirement Association of Colorado acquired a new position in USA Today in the fourth quarter valued at about $53,000. Kapitalo Investimentos Ltda acquired a new position in USA Today in the third quarter valued at about $44,000. Principal Financial Group Inc. acquired a new position in USA Today in the third quarter valued at about $45,000. Finally, Nisa Investment Advisors LLC acquired a new position in USA Today in the fourth quarter valued at about $57,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

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.