The stock of Gannett Co Inc (NYSE:GCI) hit a new 52-week low and has $7.27 target or 5.00% below today’s $7.65 share price. The 9 months bearish chart indicates high risk for the $882.44 million company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $7.27 price target is reached, the company will be worth $44.12 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.34 million shares traded hands or 30.10% up from the average. Gannett Co Inc (NYSE:GCI) has declined 49.55% since March 30, 2016 and is downtrending. It has underperformed by 52.56% the S&P500.
Analysts await Gannett Co Inc (NYSE:GCI) to report earnings on November, 3. They expect $0.16 EPS, down 62.79% or $0.27 from last year’s $0.43 per share. GCI’s profit will be $18.46M for 11.95 P/E if the $0.16 EPS becomes a reality. After $0.30 actual EPS reported by Gannett Co Inc for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.
Gannett Co Inc (NYSE:GCI) Ratings Coverage
Out of 5 analysts covering Gannett (NYSE:GCI), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Gannett has been the topic of 9 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Gannett Co Inc (NYSE:GCI) earned “Buy” rating by Argus Research on Thursday, November 5. On Wednesday, October 7 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The company was maintained on Monday, July 11 by Jefferies. The firm has “Neutral” rating given on Monday, November 2 by JP Morgan. The stock of Gannett Co Inc (NYSE:GCI) has “Hold” rating given on Monday, October 10 by . Argus Research initiated Gannett Co Inc (NYSE:GCI) on Tuesday, September 8 with “Hold” rating. The company was downgraded on Tuesday, September 1 by Zacks. The rating was initiated by Argus Research on Friday, September 4 with “Hold”.
According to Zacks Investment Research, “Gannett owns the publishing assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA (Ticker: TGNA) and a publishing company called Gannett. The new Gannett owns the USA Today and a host of other media assets.”
Insitutional Activity: The institutional sentiment decreased to 1.5 in 2016 Q2. Its down 2.50, from 4 in 2016Q1. The ratio fall, as 1 funds sold all Gannett Co Inc shares owned while 1 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 157,915 shares or 45.06% less from 287,452 shares in 2016Q1.
Marshwinds Advisory owns 12,836 shares or 0.14% of their US portfolio. Covington Capital holds 0.06% of its portfolio in Gannett Co Inc (NYSE:GCI) for 48,009 shares. Leavell Invest Management has invested 0.03% of its portfolio in Gannett Co Inc (NYSE:GCI). Huntington Bank accumulated 0.01% or 9,216 shares. Gulf Bancorp (Uk) Ltd holds 0.02% or 63,910 shares in its portfolio. Mutual Of Omaha Natl Bank Wealth has 8,245 shares for 0.08% of their US portfolio. Gemmer Asset Mngmt last reported 799 shares in the company.
More important recent Gannett Co Inc (NYSE:GCI) news were published by: Reuters.com which released: “REFILE-BRIEF-Gannett Co Inc terminates discussions to acquire Tronc Inc” on November 01, 2016, also Businesswire.com published article titled: “Gannett Co., Inc. Terminates Discussions to Acquire tronc, Inc.”, Fool.com published: “Why Shares of Gannett Co. Inc. Just Got Crushed” on October 27, 2016. More interesting news about Gannett Co Inc (NYSE:GCI) was released by: Marketwatch.com and their article: “USA Today-owner Gannett Co. reports Q3 loss, better-than-expected revenue” with publication date: October 27, 2016.
GCI Company Profile
Gannett Co., Inc., incorporated on November 21, 2014, is an international, multi-platform news and information company. The Firm is a local content well-known provider in the United States, operating in over 30 states and Guam. The Company’s activities comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom. The Company’s daily publications in the United States include USA TODAY. Together with over 20 daily paid-for publications, its Newsquest division operates in the United Kingdom. In the markets it serves, the Company also operates desktop, smartphone and tablet products, which are integrated with publishing operations. The Company’s activities also include commercial printing, marketing and data services operations.
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