At the time of writing, TEGNA Inc [TGNA] stock is trading at $18.48, up 0.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TGNA shares have gain 2.10% over the last week, with a monthly amount drifted -1.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TEGNA Inc [NYSE: TGNA] stock has seen the most recent analyst activity on December 19, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $23 from $21. On May 05, 2022, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $24 on the stock. Argus downgraded its rating to a Hold. Barrington Research downgraded its rating to a Mkt Perform. Wells Fargo upgraded its rating to Overweight for this stock on August 11, 2020. In a note dated February 12, 2020, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $21 to $22.
For the past year, the stock price of TEGNA Inc fluctuated between $12.35 and $19.62. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. TEGNA Inc [NYSE: TGNA] shares were valued at $18.48 at the most recent close of the market. An investor can expect a potential return of 29.87% based on the average TGNA price forecast.
Analyzing the TGNA fundamentals
According to TEGNA Inc [NYSE:TGNA], the company’s sales were 2.96B for trailing twelve months, which represents an 13.12% jump. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.18 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
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 18.34 points at the first support level, and at 18.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.55, and for the 2nd resistance point, it is at 18.63.
Ratios To Look Out For
It is important to note that TEGNA Inc [NYSE:TGNA] has a current ratio of 2.60. As well, the Quick Ratio is 2.60, while the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 6.51.
Transactions by insiders
Recent insider trading involved Cox Thomas R., that happened on Dec 06 ’24 when 77873.0 shares were sold. SVP and CFO, Heskett Julie completed a deal on Dec 06 ’24 to sell 20000.0 shares. Meanwhile, Officer Heskett Julie bought 20000.0 shares on Dec 06 ’24.
