Noble Financial Reiterates a Buy Rating on Gannett Co.By Jason Carr
In a report released today, Michael Kupinski from Noble Financial reiterated a Buy rating on Gannett Co. (NYSE: GCI), with a price target of $16. The company’s shares closed yesterday at $7.59, close to its 52-week low of $7.54.
According to TipRanks.com, Kupinski is ranked 0 out of 5 stars with an average return of -12.3% and a 40.0% success rate. Kupinski covers the Services sector, focusing on stocks such as Cumulus Media Inc., 1-800 Flowers.Com, and Townsquare Media.
Gannett Co. has an analyst consensus of Moderate Buy, with a price target consensus of $12.
Based on Gannett Co.’s latest earnings report from June 30, the company posted quarterly revenue of $748.8M and quarterly net profit of $12.27M. In comparison, last year the company earned revenue of $701.2M and had a net profit of $39.17M.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GCI in relation to earlier this year. Most recently, in December 2015, John Jeffry Louis, a Director at GCI bought 27,504 shares for a total of $188,856.
Gannett Co., Inc. engages in the publishing business. Its operations include commercial printing, newswire, marketing and data services. The company was founded on November 21, 2014 and is headquartered in McLean, VA.