Meredith Corporation [MDP] Stock trading around $32.28 per share: What’s Next?

Meredith Corporation [NYSE: MDP] closed the trading session at $32.28 on 03/02/21. The day’s price range saw the stock hit a low of $28.60, while the highest price level was $32.42. The company report on February 26, 2021 that Kwame Onwuachi Joins FOOD & WINE As Executive Producer.

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Meredith Corporation’s (NYSE: MDP) FOOD & WINE announces that Kwame Onwuachi will be a contributing Executive Producer, effective immediately. In this new role, Onwuachi will collaborate with the editorial team to develop content for the brand across FOOD & WINE’s print, digital, and video channels and will play an integral role in signature initiatives and events, including the FOOD & WINE Classic in Aspen and the FOOD & WINE Best New Chefs Mentorship Program. Onwuachi reports to FOOD & WINE Editor in Chief Hunter Lewis.

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“We’re thrilled that Kwame is officially joining our team and bringing his point of view and expertise to all that we do,” Lewis said. “We knew Kwame was a singular talent when he joined the FOOD & WINE family in the 2019 class of Best New Chefs, and it has been exciting to see him rise up and become one of the leading voices in the culinary industry. What he’s accomplished as a leader and creative culinary force in the past five years is incredible: opening a restaurant that was the first of its kind; authoring a compelling memoir that will soon become a movie; going from being a contestant to a judge on Top Chef; writing a travel column for FOOD & WINE. Now, he’s turning to event production. Kwame is redefining the role of a chef for the modern era.”.

The stocks have a year to date performance of 68.12 percent and weekly performance of 23.54 percent. The stock has been moved at 124.48 percent over the last six months. The stock has performed 47.20 percent around the most recent 30 days and changed 56.55 percent over the most recent 3-months.

If compared to the average trading volume of 456.71K shares, MDP reached to a volume of 1135144 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Meredith Corporation [MDP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MDP shares is $23.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MDP stock is a recommendation set at 2.80. 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 Meredith Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2021. The new note on the price target was released on August 14, 2020, representing the official price target for Meredith Corporation stock.

The Average True Range (ATR) for Meredith Corporation is set at 1.78, with the Price to Sales ratio for MDP stock in the period of the last 12 months amounting to 0.55. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 7.63. Price to Free Cash Flow for MDP in the course of the last twelve months was 3.50 with Quick ratio for the last quarter at 1.50.

MDP stock trade performance evaluation

Meredith Corporation [MDP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.54. With this latest performance, MDP shares gained by 47.20% in over the last four-week period, additionally plugging by 124.48% over the last 6 months – not to mention a rise of 26.44% 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 MDP stock in for the last two-week period is set at 77.85, with the RSI for the last a single of trading hit 81.73, and the three-weeks RSI is set at 74.68 for Meredith Corporation [MDP]. The present Moving Average for the last 50 days of trading for this stock 22.01, while it was recorded at 27.54 for the last single week of trading, and 16.76 for the last 200 days.

Meredith Corporation [MDP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Meredith Corporation [MDP] shares currently have an operating margin of +13.96 and a Gross Margin at +57.02. Meredith Corporation’s Net Margin is presently recorded at -7.09.

Return on Total Capital for MDP is now 10.66, given the latest momentum, and Return on Invested Capital for the company is -5.44. Return on Equity for this stock declined to -21.97, with Return on Assets sitting at -3.59. When it comes to the capital structure of this company, Meredith Corporation [MDP] has a Total Debt to Total Equity ratio set at 899.28. Additionally, MDP Total Debt to Total Capital is recorded at 89.99, with Total Debt to Total Assets ending up at 63.36. Long-Term Debt to Equity for the company is recorded at 889.16, with the Long-Term Debt to Total Capital now at 88.98.

Reflecting on the efficiency of the workforce at the company, Meredith Corporation [MDP] managed to generate an average of -$38,920 per employee. Receivables Turnover for the company is 5.51 with a Total Asset Turnover recorded at a value of 0.51.Meredith Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Meredith Corporation [MDP] stock

With the latest financial reports released by the company, Meredith Corporation posted 0.49/share EPS, while the average EPS was predicted by analysts to be reported at 1.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -55.50%. 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 MDP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Meredith Corporation go to 25.70%.

Meredith Corporation [MDP]: Insider Ownership positions

There are presently around $1,096 million, or 95.30% of MDP stock, in the hands of institutional investors. The top three institutional holders of MDP stocks are: BLACKROCK INC. with ownership of 6,410,543, which is approximately 6.251% of the company’s market cap and around 0.60% of the total institutional ownership; ARIEL INVESTMENTS, LLC, holding 4,453,221 shares of the stock with an approximate value of $127.18 million in MDP stocks shares; and SELECT EQUITY GROUP, L.P., currently with $118.39 million in MDP stock with ownership of nearly -3.265% of the company’s market capitalization.

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Positions in Meredith Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 92 institutional holders increased their position in Meredith Corporation [NYSE:MDP] by around 3,697,328 shares. Additionally, 87 investors decreased positions by around 5,959,167 shares, while 33 investors held positions by with 28,731,901 shares. The mentioned changes placed institutional holdings at 38,388,396 shares, according to the latest SEC report filing. MDP stock had 42 new institutional investments in for a total of 1,084,444 shares, while 23 institutional investors sold positions of 442,815 shares during the same period.

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