Tribune Publishing (NASDAQ:TPCO) Given a $19.00 Price Target at Noble Financial

Noble Financial set a $19.00 price objective on Tribune Publishing (NASDAQ:TPCO) in a report released on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on TPCO. TheStreet downgraded Tribune Publishing from a c- rating to a d+ rating in a research note 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 $7.13 on Tuesday. The stock’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $9.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.04. Tribune Publishing has a twelve month low of $7.00 and a twelve month high of $17.29. The company has a market capitalization of $269.54 million, a price-to-earnings ratio of 14.78 and a beta of 1.45.

Tribune Publishing (NASDAQ:TPCO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ 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 for the quarter. On average, analysts forecast that Tribune Publishing will post 0.21 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new position in Tribune Publishing in the 4th quarter worth approximately $11,690,000. Spark Investment Management LLC increased its position in Tribune Publishing by 175.0% in the 1st quarter. Spark Investment Management LLC now owns 88,900 shares of the company’s stock worth $1,048,000 after buying an additional 56,572 shares during the period. Northern Trust Corp bought a new position in Tribune Publishing in the 4th quarter worth approximately $2,554,000. Deutsche Bank AG bought a new position in Tribune Publishing in the 4th quarter worth approximately $261,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in Tribune Publishing in the 4th quarter worth approximately $48,000. 36.39% of the stock is currently owned by institutional investors.

Tribune Publishing Company Profile

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.

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