After Barrington and RBC Capital gave Gray Television (NYSE: GTN) a Buy rating last month, the company received another Buy, this time from Noble Financial. Analyst Michael Kupinski maintained a Buy rating on Gray Television (NYSE: GTN) yesterday and set a price target of $22. The company’s shares closed yesterday at $16.50.
According to TipRanks.com, Kupinski has 0 stars on 0-5 star ranking scale with an average return of -4.9% and a 42.3% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Entercom Communications, and 1-800 Flowers.com.
Currently, the analyst consensus on Gray Television is a Strong Buy with an average price target of $21.40, implying a 29.7% upside from current levels. In a report issued on June 25, Barrington also maintained a Buy rating on the stock with a $19 price target.
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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 $10.51 million.
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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.
