In a report released yesterday, Daniel Kurnos from Benchmark Co. maintained a Buy rating on EW Scripps (SSP), with a price target of $15.00. The company’s shares closed last Wednesday at $11.45.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 9.7% and a 55.3% success rate. Kurnos covers the Technology sector, focusing on stocks such as ANGI Homeservices, IAC/InterActive, and Zillow Group.
EW Scripps has an analyst consensus of Strong Buy, with a price target consensus of $15.00.
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The company has a one-year high of $16.93 and a one-year low of $5.36. Currently, EW Scripps has an average volume of 353.2K.
Based on the recent corporate insider activity of 53 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. The National Media segment is comprised of the operations of its national media businesses including over-the-air broadcast networks, Katz, its podcast business, Midroll, next generation national news network, Newsy, and other national brands. The company was founded by Edward Willis Scripps in 1878 and is headquartered in Cincinnati, OH.
