Noble Financial analyst Michael Kupinski maintained a Buy rating on EW Scripps (NASDAQ: SSP) yesterday and set a price target of $19. The company’s shares closed yesterday at $14.27.
According to TipRanks.com, Kupinski is a 1-star analyst with an average return of -2.3% and a 45.5% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Entercom Communications, and 1-800 Flowers.com.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EW Scripps with a $19.50 average price target.
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Based on EW Scripps’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $26.45 million. In comparison, last year the company had a net profit of $8.43 million.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SSP in relation to earlier this year.
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.
The E.W. Scripps Co. engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Others. The Local Media segment is comprised of its local broadcast television stations and their related digital operations.
