Monday, November 30, 2020

TEGNA Inc. [TGNA] is -22.41% lower this YTD. Is it still time to buy?

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TEGNA Inc. [NYSE: TGNA] plunged by -$0.02 during the normal trading session on Monday and reaching a high of $13.26 during the day while it closed the day at $12.95. TEGNA Inc. stock has also gained 9.65% of its value over the past 7 days. However, TGNA stock has declined by -27.65% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.18% and lost -22.41% year-on date.

The market cap for TGNA stock reached $2.83 billion, with 218.28 million shares outstanding and 217.58 million shares in the current float. Compared to the average trading volume of 3.72M shares, TGNA reached a trading volume of 2158201 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here’s what leading stock market gurus have to say about TEGNA Inc. [TGNA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGNA shares is $14.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TGNA stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for TEGNA Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 12, 2020. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on October 28, 2019, representing the official price target for TEGNA Inc. stock. Previously, the target price had yet another raise to $17, while Wells Fargo analysts kept a Market Perform rating on TGNA stock.

The Average True Range (ATR) for TEGNA Inc. is set at 0.57, with the Price to Sales ratio for TGNA stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for TGNA in the course of the last twelve months was 10.33 with Quick ratio for the last quarter at 2.00.

TGNA stock trade performance evaluation

TEGNA Inc. [TGNA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.65. With this latest performance, TGNA shares gained by 18.59% in over the last four-week period, additionally sinking by -16.18% over the last 6 months – not to mention a drop of -16.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TGNA stock in for the last two-week period is set at 65.65, with the RSI for the last a single of trading hit 71.62, and the three-weeks RSI is set at 59.17 for TEGNA Inc. [TGNA]. The present Moving Average for the last 50 days of trading for this stock 11.11, while it was recorded at 12.51 for the last single week of trading, and 14.59 for the last 200 days.

TEGNA Inc. [TGNA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and TEGNA Inc. [TGNA] shares currently have an operating margin of +25.69 and a Gross Margin at +42.08. TEGNA Inc.’s Net Margin is presently recorded at +12.45.

Return on Total Capital for TGNA is now 11.62, given the latest momentum, and Return on Invested Capital for the company is 5.63. Return on Equity for this stock inclined to 19.53, with Return on Assets sitting at 4.68. When it comes to the capital structure of this company, TEGNA Inc. [TGNA] has a Total Debt to Total Equity ratio set at 270.14. Additionally, TGNA Total Debt to Total Capital is recorded at 72.98, with Total Debt to Total Assets ending up at 61.78. Long-Term Debt to Equity for the company is recorded at 269.44, with the Long-Term Debt to Total Capital now at 72.79.

Reflecting on the efficiency of the workforce at the company, TEGNA Inc. [TGNA] managed to generate an average of $41,586 per employee. Receivables Turnover for the company is 4.39 with a Total Asset Turnover recorded at a value of 0.38.TEGNA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for TEGNA Inc. [TGNA] stock

With the latest financial reports released by the company, TEGNA Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TGNA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TEGNA Inc. go to 10.00%.

TEGNA Inc. [TGNA]: Insider Ownership positions

There are presently around $2,799 million, in the hands of institutional investors. The top three institutional holders of TGNA stocks are: BLACKROCK INC. with ownership of 25,029,800, which is approximately -1.821% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 23,624,795 shares of the stock with an approximate value of $306.41 million in TGNA stocks shares; and STANDARD GENERAL L.P., currently with $209.13 million in TGNA stock with ownership of nearly -15.619% of the company’s market capitalization.

135 institutional holders increased their position in TEGNA Inc. [NYSE:TGNA] by around 34,127,259 shares. Additionally, 172 investors decreased positions by around 37,263,854 shares, while 59 investors held positions by with 144,408,847 shares. The mentioned changes placed institutional holdings at 215,799,960 shares, according to the latest SEC report filing. TGNA stock had 56 new institutional investments in for a total of 10,490,494 shares, while 55 institutional investors sold positions of 10,161,774 shares during the same period.

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