Noble Financial analyst Michael Kupinski maintained a Buy rating on EW Scripps (NYSE: SSP) yesterday. The company’s shares closed yesterday at $12.22, close to its 52-week low of $10.69.
According to TipRanks.com, Kupinski is ranked 0 out of 5 stars with an average return of -8.2% and a 34.5% 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 EW Scripps is Moderate Buy and the average price target is $16.67, representing a 36.4% upside.
In a report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $20 price target.
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Based on EW Scripps’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $26.45 million. In comparison, last year the company had a GAAP net loss of $1.94 million.
Based on the recent corporate insider activity of 78 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.
