Looking at top Wall Street opinions, Gannett Co., Inc. (NYSE: GCI) has recently made its way into the research list of JP Morgan – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Underweight in the eyes of JP Morgan, whereas its previous rating was Neutral in the eyes of JP Morgan, as reported on Friday, July 6th, 2018. Another heavy-hitting research note was published by Argus on Monday February 13th, 2017, with this firm downgrading GCI to an updated rating of Hold from its previous rating of Buy. In the past six months and three months of trading, shares of Gannett Co., Inc. (GCI) have moved by -12.53% and 12.71%, respectively.
Brokerage Updates Related to Gannett Co., Inc. (GCI) Stock
This publicly-traded organization generated losses of -3.53% over the last 5 sessions. Right now, this stock is the subject of 4 analysts’ evaluations, who – on average – have given this company’s shares a Hold rating. Of the latest market expert opinions, 2 have given an underperform rating, 0 has given a sell rating, and 0 have given a rating of Buy or better. Based on the 4 stock market experts following this company, the average 12-month price target is $10.00. Moreover, individual price targets range between $10.00-$11.00. With its recent move to $10.50, we can see that these firms project this stock will loss by -3.24% in one year.
Updates from Gannett Co., Inc. (GCI) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.50% rise since the beginning of the calendar year. A CEO of Newsquest Media Group at Gannett Co., Inc. (GCI) sold off some of its shares in a transaction that was finalized on Aug 17. Similarly, Yost Andrew T. sold 3,500 shares of the organization’s stock at $10.31 apiece and racked up $36,085 in earnings from the sale.
Gannett Co., Inc. (NYSE:GCI) Results in the Pipeline
The next scheduled release of financial results for Gannett Co., Inc. will be for the Jun-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.13. In the same vein, they expect sales for the quarter to amount to $686.65 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $660.34 million in revenue alongside EPS at $0.21. On average, the analyst projection was calling for $663.42 million with $0.10 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $751.41 million, with earnings per share ending up at $0.44.
Ross Stores, Inc. (NASDAQ:ROST) experienced a gain of 3.06% from the closing price in the previous trading day. That boost the price to $106.44 per share, as observed on January 1st, 1970, at a time when the total trading volume reached 1,668,927 shares of stock – compared to the typical average of 2.35M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $101.70.
Pricing Indications for Ross Stores, Inc. (ROST)
This organization has had a price-to-earnings ratio of 24.75 in the last year. Meanwhile, it gained 102.76 from its observable 50-day simple moving average. Right at this moment, the per-share value is 12.43% higher than the mean per-share price over the last 200 days in the market.
Ross Stores, Inc. (NASDAQ:ROST) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 9 have a Buy rating, 6 have an outperform rating, while 7 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 1 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.10, based on information from Thomson Reuters.
ROST Stock Value Potential
In trading activity as of late, this stock’s value was 94.73 up from its 200 day moving average, while also 3.87% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $90.00-$115.00. The market value for the entire organization reached 39.38B. In the last trading session, the price ended the day at $103.28. The institutional holdings related to this organization account for 0.60%, and the Beta factor is now 0.84. This company’s RSI (Relative Strength Index) managed to hit 55.69.
Ross Stores, Inc. (NASDAQ:ROST) Analyst Points of Focus
Ross Stores, Inc. (ROST) has found itself inside of Goldman’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Sell, compared to its previous rating of Neutral by Goldman, as garnered from a news report on Thursday June 27th, 2019. An additional helpful research note was sent out by Telsey Advisory Group’s on Monday June 24th, 2019. The brokerage decided to downgrade ROST to Market Perform from its previous rating of Outperform.