Currently, TEGNA Inc [TGNA] is trading at $15.71, up 1.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TGNA shares have gain 2.95% over the last week, with a monthly amount glided 13.27%, and 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.
This stock has fluctuated between a low of $12.35 and a high of $16.56 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. TEGNA Inc [NYSE: TGNA] shares were valued at $15.71 at the most recent close of the market. An investor can expect a potential return of 52.77% based on the average TGNA price forecast.
Analyzing the TGNA fundamentals
Trailing Twelve Months sales for TEGNA Inc [NYSE:TGNA] were 2.86B which represents -2.89% decline. 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 15.50 points at the first support level, and at 15.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.81, and for the 2nd resistance point, it is at 15.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TEGNA Inc [NYSE:TGNA] is 2.58. Also, the Quick Ratio is 2.58, while the Cash Ratio stands at 1.05. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 6.47.
Transactions by insiders
Recent insider trading involved Trelstad Lynn B., EVP and COO, Media Operations, that happened on Sep 12 ’24 when 25000.0 shares were sold. Officer, Trelstad Lynn B. completed a deal on Sep 12 ’24 to buy 25000.0 shares. Meanwhile, Director DUNLEAVY CATHERINE sold 16.0 shares on Aug 15 ’24.
