Noble Financial Thinks Entravision’s Stock is Going to Recover
In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on Entravision (EVC), with a price target of $5.50. The company’s shares closed yesterday at $2.80, close to its 52-week low of $2.41.
According to TipRanks.com, Kupinski has 0 stars on 0-5 star ranking scale with an average return of -6.1% and a 35.0% 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 Entravision with a $6 average price target.
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Based on Entravision’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.42 million. In comparison, last year the company had a net profit of $4.84 million.
Based on the recent corporate insider activity of 21 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 EVC in relation to earlier this year.
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Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media.