TEGNA Inc [TGNA] stock prices are up 1.00% to $14.15 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TGNA shares have lost -0.49% over the last week, with a monthly amount drifted -1.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on May 05, 2022, and kept the price target unchanged to $24. On April 13, 2022, downgrade downgraded it’s rating to Hold. Barrington Research downgraded its rating to a Mkt Perform. Wells Fargo upgraded its rating to a Overweight. The Benchmark Company reiterated a Buy rating for this stock on February 12, 2020, and upped its price target to $22.
The stock price of TEGNA Inc [TGNA] has been fluctuating between $12.35 and $16.56 over the past year. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. TEGNA Inc [NYSE: TGNA] shares were valued at $14.15 at the most recent close of the market. An investor can expect a potential return of 69.61% based on the average TGNA price forecast.
Analyzing the TGNA fundamentals
The TEGNA Inc [NYSE:TGNA] reported sales of 2.86B for trailing twelve months, representing a drop of -2.89%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.97 points at the first support level, and at 13.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.27, and for the 2nd resistance point, it is at 14.38.
Ratios To Look Out For
It’s worth pointing out that TEGNA Inc [NYSE:TGNA]’s Current Ratio is 2.58. As well, the Quick Ratio is 2.58, while the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 0.84 and price to earnings (TTM) ratio is 5.83.
Transactions by insiders
Recent insider trading involved DUNLEAVY CATHERINE, Director, that happened on Aug 15 ’24 when 16.0 shares were sold. Director, DUNLEAVY CATHERINE completed a deal on Jul 01 ’24 to sell 14.0 shares. Meanwhile, President and CEO Lougee David T sold 98437.0 shares on Jul 01 ’24.
