Noble Financial Reaffirms Buy Rating for Tribune Publishing (NASDAQ:TPCO)

Noble Financial reaffirmed their buy rating on shares of Tribune Publishing (NASDAQ:TPCO) in a research report released on Monday, AnalystRatings.com reports. The firm currently has a $19.00 price objective on the stock.

Several other analysts also recently weighed in on TPCO. TheStreet downgraded Tribune Publishing from a c- rating to a d+ rating in a research report on Monday, May 20th. Zacks Investment Research downgraded Tribune Publishing from a buy rating to a hold rating in a research report on Saturday, July 13th.

Shares of TPCO stock opened at $7.22 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. Tribune Publishing has a twelve month low of $7.00 and a twelve month high of $17.37. The company has a market cap of $271.32 million, a P/E ratio of 14.88 and a beta of 1.45. The business has a fifty day simple moving average of $8.11 and a 200 day simple moving average of $10.12.

Tribune Publishing (NASDAQ:TPCO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Tribune Publishing had a positive return on equity of 4.93% and a negative net margin of 0.34%. The business had revenue of $250.33 million during the quarter. As a group, equities research analysts anticipate that Tribune Publishing will post 0.21 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in TPCO. BlackRock Inc. bought a new position in Tribune Publishing in the fourth quarter valued at about $14,563,000. Dimensional Fund Advisors LP bought a new position in Tribune Publishing in the fourth quarter valued at about $11,690,000. Norges Bank bought a new position in Tribune Publishing in the fourth quarter valued at about $4,215,000. Northern Trust Corp bought a new position in Tribune Publishing in the fourth quarter valued at about $2,554,000. Finally, Vanguard Group Inc. raised its position in Tribune Publishing by 10.6% in the second quarter. Vanguard Group Inc. now owns 1,212,851 shares of the company’s stock valued at $9,667,000 after purchasing an additional 116,123 shares during the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

About Tribune Publishing

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

See Also: Return on Equity (ROE)

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