Noble Financial Thinks McClatchy Company’s Stock is Going to Recover

By Austin Angelo

In a report issued on August 9, Michael Kupinski from Noble Financial maintained a Buy rating on McClatchy Company (MNIResearch Report), with a price target of $5. The company’s shares closed on Friday at $2.25, close to its 52-week low of $1.95.

According to TipRanks.com, Kupinski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.1% and a 37.8% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, 1-800 Flowers.com, and Cumulus Media Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for McClatchy Company with a $5 average price target.

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Based on McClatchy Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $17.53 million. In comparison, last year the company had a GAAP net loss of $20.37 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.