The TEGNA Inc. (NYSE:TGNA) is going up by 1.63% in today’s trading session, a rise equivalent to 0.24% of the stock’s price from yesterday’s market close. The lowest point that the shares touched during the trading session was $14.74, while the peak of the day was recorded at a share price of $15.18. TGNA finished the previous session at $14.74 according to the data provided by Barchart, while the trading volume was observed to be $1,122,418.
In the 100 days of trading, TGNA managed to top a 15.21% Moving average. Additionally, TEGNA Inc. shares have achieved a 52-week range between 10.24 and 16.58 alongside 100 days raw stochastic set at 50.69%.
The number of shares outstanding, according to the fundamentals of the company, is set at 217.09M, equal to the value of $3.20B in market capitalization. In the last 30 days, TEGNA Inc. shares went down by -7.76%, adding 16.24 to growth in value, on top of a +7.61% boost since 08/20/19.
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 11/07/2019, a number that would actually represent an increase of 62.80% YOY.
According to the average analyst rating, TEGNA Inc. would be rated as Overweight. Out of 8 different analysts monitoring TGNA stock, 6 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that TGNA is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Aug-19-19, the stock earned a Upgrade rating due to a new analyst call from Wolfe Research, while analysts from Stephens believe that the stock is set at Equal-Weight from Overweight, as concluded on Jun-11-19. Evercore ISI, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Mar-25-19.
The Benchmark Company, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May-03-18, giving the stock a Buy 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 3.00% 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 50.69% 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 45.69%. Stochastic %K for TEGNA Inc., with the last 20 days included, was set at 44.40%, having Stochastic %D topping 53.71%. 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 35.60% in metrics.
TEGNA Inc. Insider Watch:
Similarly, 98.80% of the company’s float is held by institutions – and there are 438 institutions in total holding shares of this company. The top three institutional holders of TGNA stocks are: Blackrock Inc. with ownership of $392.45 million, which is approximately 25,904,017 of the company’s shares; Vanguard Group, Inc. (The), holding 22,630,199 shares of the stock with an approximate value of $342.85 million; and AQR Capital Management, LLC, currently with more than 10,710,361 shares of the company valued at $162.26 million. Positions in TEGNA Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 6 insider purchases amounting to 70,008 shares.