McClatchy Company (MNI) Gets a Buy Rating from Noble Financial

By Carrie Williams

Noble Financial analyst Michael Kupinski maintained a Buy rating on McClatchy Company (MNIResearch Report) on November 14 and set a price target of $3.00. The company’s shares closed last Monday at $0.49, close to its 52-week low of $0.35.

According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.7% and a 37.0% success rate. Kupinski covers the Services sector, focusing on stocks such as Tribune Publishing Co, Salem Communications, and Gray Television.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for McClatchy Company with a $3.00 average price target.

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Based on McClatchy Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $305 million. In comparison, last year the company had a net profit of $7.04 million.

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The McClatchy Co. engages in the provision of websites and mobile applications, mobile news and advertising, video products, a digital marketing agency, daily newspapers, niche publications, other print and digital direct marketing services, and community newspapers. It operates through the following two segments: Western and Eastern.