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Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on TEGNA Inc (TGNA) today and set a price target of $18. The company’s shares closed yesterday at $16.05, close to its 52-week high of $16.57.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 13.4% and a 56.6% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Booking Holdings Inc, and Sinclair Broadcast.
Currently, the analyst consensus on TEGNA Inc is a Strong Buy with an average price target of $17.60, implying a 9.7% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $17 price target.
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TEGNA Inc’s market cap is currently $3.46B and has a P/E ratio of 8.58. The company has a Price to Book ratio of 2.58.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TEGNA, Inc. engages in the provision of media services. It offers TEGNA Marketing Solutions, a one-stop shop that helps businesses through a suite of services and solutions that reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service.
