News headlines about Gray Television (NYSE:GTN) have been trending very positive recently, according to AlphaOne Sentiment Analysis. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gray Television earned a news sentiment score of 0.52 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Alpha One Sentiment’s rankings:
- A Look at the Technicals For Gray Television, Inc. (NYSE:GTN) – Pearson Press (pearsonnewspress.com)
- The 120000 Shares in Gray Television, Inc. (GTN) Acquired by Norges Bank – BangaloreWeekly (bangaloreweekly.com)
- Stock Survey: Viewing Levels for Gray Television, Inc. (NYSE:GTN) – SKV News (skvnews.com)
- The Brokerages Set Gray Television, Inc. (GTN) Price Target at $16.50 – BangaloreWeekly (bangaloreweekly.com)
- Active Runner in Focus: Gray Television Inc (GTN) – Lenox Ledger (lenoxledger.com)
Several equities analysts have weighed in on the company. Benchmark Co. reaffirmed a “buy” rating and issued a $19.00 target price on shares of Gray Television in a research report on Monday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $17.00 target price on shares of Gray Television in a research report on Thursday, April 13th. Singular Research lifted their target price on Gray Television from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 9th. Finally, TheStreet raised Gray Television from a “c+” rating to a “b” rating in a research report on Wednesday, March 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $16.50.
Gray Television (NYSE:GTN) traded up 1.63% during trading on Friday, reaching $12.45. The company’s stock had a trading volume of 336,272 shares. The company’s 50-day moving average is $13.95 and its 200-day moving average is $12.07. Gray Television has a 1-year low of $7.00 and a 1-year high of $15.45. The company has a market capitalization of $895.86 million, a P/E ratio of 14.15 and a beta of 3.16.
Gray Television (NYSE:GTN) last posted its earnings results on Thursday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Gray Television had a return on equity of 13.68% and a net margin of 5.57%. The business had revenue of $203.46 million during the quarter, compared to analyst estimates of $194.68 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Gray Television will post $0.89 EPS for the current year.
In other news, Director Richard Lee Boger sold 7,000 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $14.21, for a total value of $99,470.00. Following the completion of the sale, the director now owns 21,066 shares in the company, valued at $299,347.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.77% of the stock is currently owned by company insiders.
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About Gray Television
Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX).
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