The TEGNA Inc. (NYSE:TGNA) is going down by -4.92% in today’s trading session, a fall equivalent to -0.7% of the stock’s price from yesterday’s market close. A news came out on 08/08/19 stating that TEGNA Completes Acquisition of Dispatch Broadcast Group’s Leading, Top Ranked Stations in Indianapolis, IN and Columbus, OH by WSJ. The lowest point that the shares touched during the trading session was $13.95, while the peak of the day was recorded at a share price of $14.58. TGNA finished the previous session at $14.24 according to the data provided by Barchart, while the trading volume was observed to be $1,355,187.
In the 100 days of trading, TGNA managed to top a 15.25% Moving average. Additionally, TEGNA Inc. shares have achieved a 52-week range between 10.24 and 16.57 alongside 100 days raw stochastic set at 2.27%.
The number of shares outstanding, according to the fundamentals of the company, is set at 225.12M, equal to the value of $3.21B in market capitalization. Financial analysts indicate that TGNA shares should be still ranked as a “Outperform”. In the last 30 days, TEGNA Inc. shares went down by -14.66%, adding 15.89 to growth in value, on top of a +0.52% boost since 07/12/19.
TEGNA Inc. (NYSE:TGNA) Analyst’s Estimates
TEGNA Inc. (TGNA) could record at least $0.27 per share in quarterly earnings in the upcoming report on 10/23/2019, a number that would actually represent an increase of 62.59% YOY.
According to the average analyst rating, TEGNA Inc. would be rated as 2.10. Out of 10 different analysts monitoring TGNA stock, 3 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 4 indicate that TGNA is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-11-19, the stock earned a Downgrade rating due to a new analyst call from Stephens, while analysts from Evercore ISI believe that the stock is set at Outperform from In-line, as concluded on Mar-25-19. Gabelli & Co, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Nov-27-18.
Regardless of the rating, The Benchmark Company did decrease their price from $19 to $17 as they are considering target share price analysis. Stephens, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-25-18, giving the stock a Overweight from the Equal-Weight rating.
TGNA Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +47.95% has been attained, while the operating margin has been recorded at +31.11%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 7.84%. Beta value of the stock is recorded at 1.47. Additionally, TEGNA Inc. is recording price volatility of 4.14% for the period of the last seven days and 3.27% in the last 30 days.
TEGNA Inc. (NYSE:TGNA) Technical Outlook
For the period of the last 50 days, TEGNA Inc. had its Raw Stochastic average set at 2.92% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 3.15%. Stochastic %K for TEGNA Inc., with the last 20 days included, was set at 10.62%, having Stochastic %D topping 13.94%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for TEGNA Inc. stocks with recording 32.84% in metrics.
TEGNA Inc. Insider Watch:
As far as the position of shares issued by TEGNA Inc. (NYSE:TGNA) for the period concluded at the market close of 08/13/19, 163 institutional investors increased their positions in TGNA shares by 21,684,056, 162 decreased positions by 16,233,149 and 54 institutional investors decided to hold positions at 177,750,790. These numbers put the complete list of institutional holdings set at 215,667,995 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 56 institutional investments with 3,002,937 new shares in addition to having 47 institutional investors selling their positions in 1,963,858 shares.