Noble Financial Sticks to Their Buy Rating for EW Scripps (SSP)

By Ryan Adsit

In a report issued on November 11, Michael Kupinski from Noble Financial maintained a Buy rating on EW Scripps (SSPResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $15.18.

According to TipRanks.com, Kupinski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.3% and a 37.9% success rate. Kupinski covers the Services sector, focusing on stocks such as Tribune Publishing Co, Gray Television, and 1-800 Flowers.

Currently, the analyst consensus on EW Scripps is a Moderate Buy with an average price target of $18.50.

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Based on EW Scripps’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $366K. In comparison, last year the company had a net profit of $18.82 million.

Based on the recent corporate insider activity of 126 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 SSP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The E.W. Scripps Co. engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Others. The Local Media segment is comprised of its local broadcast television stations and their related digital operations.