In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on EW Scripps (SSP), with a price target of $22. The company’s shares closed on Friday at $16.85.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 10.9% and a 57.0% success rate. Kurnos covers the Services sector, focusing on stocks such as Booking Holdings Inc, 1-800 Flowers.com, and Zillow Group Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EW Scripps with a $18.67 average price target, which is a 10.8% upside from current levels. In a report issued on November 5, Noble Financial also assigned a Buy rating to the stock with a $20 price target.
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The company has a one-year high of $18.44 and a one-year low of $10.69. Currently, EW Scripps has an average volume of 428.1K.
Based on the recent corporate insider activity of 112 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.
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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.
