In a report released yesterday, Michael Kupinski from Noble Financial reiterated a Buy rating on EW Scripps (SSP), with a price target of $29. The company’s shares closed yesterday at $22.75, close to its 52-week high of $23.
According to TipRanks.com, Kupinski is a 1-star analyst with an average return of -1.2% and a 45.6% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Tribune Publishing Co, and 1-800 Flowers.com.
EW Scripps has an analyst consensus of Moderate Buy, with a price target consensus of $26, representing a 14.3% upside. In a report issued on March 4, Benchmark Co. also maintained a Buy rating on the stock with a $26 price target.
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The company has a one-year high of $23 and a one-year low of $10.69. Currently, EW Scripps has an average volume of 411.5K.
Based on the recent corporate insider activity of 166 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.
