In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on EW Scripps (SSP), with a price target of $29. The company’s shares closed yesterday at $21.87, close to its 52-week high of $23.41.
According to TipRanks.com, Kupinski is a 1-star analyst with an average return of -2.3% and a 44.4% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Tribune Publishing Co, and 1-800 Flowers.com.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EW Scripps with a $27.50 average price target.
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The company has a one-year high of $23.41 and a one-year low of $10.69. Currently, EW Scripps has an average volume of 428.3K.
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.
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.
