Tribune Publishing (NASDAQ:TPCO) Receives Buy Rating from Noble Financial

Tribune Publishing (NASDAQ:TPCO)‘s stock had its “buy” rating reiterated by analysts at Noble Financial in a report issued on Monday, AnalystRatings.com reports. They presently have a $19.00 target price on the stock. Noble Financial’s price objective would suggest a potential upside of 165.36% from the stock’s previous close.

TPCO has been the topic of a number of other research reports. Zacks Investment Research cut Tribune Publishing from a “buy” rating to a “hold” rating in a research note on Saturday, July 13th. TheStreet cut Tribune Publishing from a “c-” rating to a “d+” rating in a research note on Monday, May 20th.

TPCO opened at $7.16 on Monday. The company’s 50 day simple moving average is $8.15. Tribune Publishing has a one year low of $7.14 and a one year high of $17.65. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32.

Tribune Publishing (NASDAQ:TPCO) last released its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $250.33 million for the quarter. Tribune Publishing had a positive return on equity of 4.93% and a negative net margin of 0.34%. As a group, equities research analysts predict that Tribune Publishing will post 0.38 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of Tribune Publishing during the fourth quarter valued at approximately $39,000. Legal & General Group Plc purchased a new stake in shares of Tribune Publishing in the fourth quarter valued at approximately $43,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Tribune Publishing in the second quarter valued at approximately $33,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Tribune Publishing in the fourth quarter valued at approximately $48,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Tribune Publishing in the fourth quarter valued at approximately $79,000. 38.77% of the stock is currently owned by hedge funds and other institutional investors.

About Tribune Publishing

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

Further Reading: What are retained earnings?

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