In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on EW Scripps (NASDAQ: SSP), with a price target of $19. The company’s shares closed yesterday at $14.79.
According to TipRanks.com, Kupinski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.8% and a 42.7% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, McClatchy Company, and Townsquare Media.
Currently, the analyst consensus on EW Scripps is a Moderate Buy with an average price target of $18, which is a 21.7% upside from current levels. In a report issued on August 1, Benchmark Co. also maintained a Buy rating on the stock with a $20 price target.
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The company has a one-year high of $19.26 and a one-year low of $10.69. Currently, EW Scripps has an average volume of 417.7K.
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.
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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.
