Should Investors Take A Bite Out Of Gannett Co. Inc. (NYSE:GCI)?

Gannett Co. Inc. (NYSE: GCI) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.65 points up or 10.53% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The GCI stock is trading at $6.82 from a close of $6.17 on 01/15/20. The day’s price range saw the stock hit a low of $6.16, while the highest price level was $6.84 during the intraday trading.

Is the GCI stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $6.84. Gannett Co. Inc. (NYSE: GCI) has a 52-week price range of between $5.69 and $14.11. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 4314936, compared to its 3-months daily average volume of 1.92 million. In comparison, the average volume for the last 50 days stands at 2,152,066.

What about the stock’s price forecasts? GCI had 1 analysts who offered their 12-month price predictions for the Gannett Co. Inc. shares. The group has given the stock a consensus price target of $9.00, with the lowest forecast being put at $9.00. The highest estimate by the 1 analysts is $9.00. The median price target estimate of $9.00 for the stock represents a 24.22% jump in value from the previous price of $6.82. Looking at the 52-week price ranges, the stock’s current price level is 19.86% from its 52-week high price and -51.67% down from its 52-week low in the same period.

Gannett Co. Inc. shares have surged 11.99% over the past week, but its 1-month performance is in the green at 13.67%. Its performance in the current quarter is down -19.76%, while that figure shoots to -24.47% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -47.94%, with the year-to-date prices up by 6.90%.

The company has a market cap of 855.64 million and a return on assets (ROA) of -0.80%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with GCI’s at -1.70% indicating that the management is able to generate impressive income with whatever equity at their disposal. If you put your money on this stock, then a forecast ROI is at 4.40%.

But what do Wall Street analysts tracking this stock recommend, given that it has 125.46 million shares outstanding? 1 analysts polled have a consensus recommendation rating of 4.00, indicating that GCI is a Buy stock at the moment. This mean rating was at 4.00 a month ago. JP Morgan called it a Underweight stock on July 06, 2018, while Argus rated it a Hold in its note released on February 13, 2017. Of the 1 analysts, 0 analysts rate the GCI stock as Overweight, while 0 of them rated it as a Hold. 1 analysts rate Gannett Co. Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.

Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Dec 2019) ranged from a low of -$0.27 per share to -$0.27 per share. The average estimate by the 1 analysts for the GCI shares was -$0.27 a share, while the company’s last-quarter results returned an EPS of $0.46. Looking at the current EPS trends, seven days ago, GCI had its Dec 2019 estimates at -$0.27 per share while the stock’s EPS was forecasted at the $0.24, a month ago. However, the company’s EPS growth for this quarter stands at -222.70%, while that growth rate for the next fiscal quarter is forecasted at 26.70%.

Let’s briefly check out revenue growth estimates for the company, which is put at -1.60% in the current quarter. 1 analysts have forecast that Gannett Co. Inc. will see its revenue growth net between $409.5 million and $409.5 million for the current quarter. The next quarter should see revenue returns of between $982.7 million and $982.7 million.The average revenue for the quarter is expected at $409.5 million, while for the next quarter, it jumps to $982.7 million. Sales growth for the year are estimated at -5.20%.