Gray Television (GTN) Receives a Buy from Barrington


In a report released today, James Goss from Barrington maintained a Buy rating on Gray Television (NYSE: GTN), with a price target of $19. The company’s shares opened today at $15.40.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.6% and a 67.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and iPic Entertainment Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gray Television with a $21.71 average price target, which is a 41.0% upside from current levels. In a report issued on July 23, Jefferies also reiterated a Buy rating on the stock with a $19 price target.

.

See today’s analyst top recommended stocks >>

Based on Gray Television’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $19.95 million. In comparison, last year the company had a net profit of $70.56 million.

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.

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It also sells internet advertising on its stations’ websites. The company was founded in January 1897 and is headquartered in Atlanta, GA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts