In a report issued on November 14, Michael Kupinski from Noble Financial maintained a Buy rating on EW Scripps (SSP). The company’s shares closed yesterday at $17.35, close to its 52-week high of $18.44.
According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.9% and a 38.0% success rate. Kupinski covers the Services sector, focusing on stocks such as Tribune Publishing Co, 1-800 Flowers.com, and Townsquare Media.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EW Scripps with a $19.67 average price target, implying a 13.4% upside from current levels. In a report issued on November 12, Benchmark Co. also maintained a Buy rating on the stock with a $22 price target.
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Based on EW Scripps’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $18.82 million. In comparison, last year the company had a GAAP net loss of $26.68 million.
Based on the recent corporate insider activity of 117 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.
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.
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.
