Citigroup lifts Gannett Co. Inc. [GCI] price estimate. Who else is bullish?

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Gannett Co. Inc. [NYSE: GCI] jumped around 0.58 points on Tuesday, while shares priced at $3.86 at the close of the session, up 17.68%. The company report on January 4, 2021 that USA Sports Launches Ferris Mowers Men’s Basketball Coaches Poll.

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Ferris Mowers becomes first entitlement sponsor of long-standing poll with National Association of Basketball Coaches.

USA Sports launched the 2021 Ferris Mowers Men’s Basketball Coaches Poll in conjunction with the National Association of Basketball Coaches (NABC). For over 25 years, USA Sports has partnered with the NABC to produce a weekly ranking of the top 25 NCAA Division I men’s basketball teams. The 2021 poll will be sponsored during the season by Ferris Mowers, a leading commercial and industrial turf care equipment provider, and part of the Briggs & Stratton family of brands.

Gannett Co. Inc. stock is now 14.88% up from its year-to-date (YTD) trading value. GCI Stock saw the intraday high of $4.01 and lowest of $3.32 per share. The company’s 52-week high price is 7.06, which means current price is +31.29% above from all time high which was touched on 01/12/21.

Compared to the average trading volume of 2.09M shares, GCI reached a trading volume of 5357875 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Gannett Co. Inc. [GCI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GCI shares is $1.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GCI stock is a recommendation set at 4.00. 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.

Citigroup have made an estimate for Gannett Co. Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 06, 2020. The new note on the price target was released on July 06, 2018, representing the official price target for Gannett Co. Inc. stock. On November 02, 2016, analysts decreased their price target for GCI shares from 19 to 16.

The Average True Range (ATR) for Gannett Co. Inc. is set at 0.33, with the Price to Sales ratio for GCI stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 1.34.

How has GCI stock performed recently?

Gannett Co. Inc. [GCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.00. With this latest performance, GCI shares gained by 32.65% in over the last four-week period, additionally plugging by 232.76% over the last 6 months – not to mention a drop of -36.30% 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 GCI stock in for the last two-week period is set at 68.45, with the RSI for the last a single of trading hit 71.08, and the three-weeks RSI is set at 66.84 for Gannett Co. Inc. [GCI]. The present Moving Average for the last 50 days of trading for this stock 2.53, while it was recorded at 3.52 for the last single week of trading, and 1.70 for the last 200 days.

Gannett Co. Inc. [GCI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Gannett Co. Inc. [GCI] shares currently have an operating margin of +3.72 and a Gross Margin at +36.21. Gannett Co. Inc.’s Net Margin is presently recorded at -6.42.

Return on Total Capital for GCI is now 3.37, given the latest momentum, and Return on Invested Capital for the company is -5.90. Return on Equity for this stock declined to -14.11, with Return on Assets sitting at -4.39. When it comes to the capital structure of this company, Gannett Co. Inc. [GCI] has a Total Debt to Total Equity ratio set at 201.82. Additionally, GCI Total Debt to Total Capital is recorded at 66.87, with Total Debt to Total Assets ending up at 49.27. Long-Term Debt to Equity for the company is recorded at 197.41, with the Long-Term Debt to Total Capital now at 65.41.

Reflecting on the efficiency of the workforce at the company, Gannett Co. Inc. [GCI] managed to generate an average of -$5,638 per employee. Receivables Turnover for the company is 6.10 with a Total Asset Turnover recorded at a value of 0.68.Gannett Co. Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings analysis for Gannett Co. Inc. [GCI]

With the latest financial reports released by the company, Gannett Co. Inc. posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at -0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 225.90%. 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 GCI.

Insider trade positions for Gannett Co. Inc. [GCI]

There are presently around $259 million, or 58.60% of GCI stock, in the hands of institutional investors. The top three institutional holders of GCI stocks are: BLACKROCK INC. with ownership of 18,557,842, which is approximately 1.093% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 8,081,456 shares of the stock with an approximate value of $26.51 million in GCI stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $21.98 million in GCI stock with ownership of nearly -7.831% of the company’s market capitalization.

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Positions in Gannett Co. Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 53 institutional holders increased their position in Gannett Co. Inc. [NYSE:GCI] by around 3,113,659 shares. Additionally, 82 investors decreased positions by around 8,185,358 shares, while 47 investors held positions by with 67,713,672 shares. The mentioned changes placed institutional holdings at 79,012,689 shares, according to the latest SEC report filing. GCI stock had 15 new institutional investments in for a total of 287,979 shares, while 29 institutional investors sold positions of 842,935 shares during the same period.

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