Gannett Co Inc

Gannett Co Inc Stock Forecast & Price Prediction

Live Gannett Co Inc Stock (GCI) Price
$5.65

6

Ratings

  • Buy 2
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$5.65

P/E Ratio

10.35

Volume Traded Today

$1.8M

Dividend

$0.16

52 Week High/low

5.93/1.80

Gannett Co Inc Market Cap

$832.9M

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GCI Summary

From what 6 stock analysts predict, the share price for Gannett Co Inc (GCI) might increase by 4.42% in the next year. This is based on a 12-month average estimation for GCI. Price targets go from $3.5 to $9. The majority of stock analysts believe GCI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

GCI Analyst Ratings

About 6 Wall Street analysts have assigned GCI 2 buy ratings, 4 hold ratings, and 0 sell ratings. This means that analysts expect Gannett Co Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on GCI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

GCI stock forecast by analyst

These are the latest 20 analyst ratings of GCI.

Analyst/Firm

Rating

Price Target

Change

Date

Jason Bazinet
Citigroup

Neutral

$5.1

Upgrade

Sep 17, 2024
Jason Bazinet
Citigroup

Sell

$5.1

Downgrade

Aug 28, 2024
Matthew Condon
JMP Securities

Market Outperform

$6

Initiates

Jul 1, 2024
Jason Bazinet
Citigroup

Neutral

$3.6

Upgrade

May 24, 2024
Giuliano Bologna
Compass Point

Buy

$5

Initiates

Dec 12, 2023
Jason Bazinet
Citigroup

Sell

$1.7

Maintains

Mar 28, 2023
Jason Bazinet
Citigroup

Sell

$2.6

Maintains

Feb 28, 2023
Jason Bazinet
Citigroup

Sell

$2.1

Maintains

Nov 17, 2022
Jason Bazinet
Citigroup

Sell

$2.65

Maintains

Jul 7, 2022

Citigroup

Sell


Downgrade

Nov 25, 2020

Citigroup

Sell


Downgrade

Apr 6, 2020
Alexia Quadrani
JP Morgan

Underweight

$10

Downgrade

Jul 6, 2018

Jefferies

Hold

$14

Maintains

Jul 28, 2016

Jefferies

Hold

$15

Maintains

Jul 11, 2016

JP Morgan

Neutral

$16

Maintains

Nov 2, 2015

FBR Capital

Outperform

$37

Maintains

Oct 21, 2014

JP Morgan

Neutral

$36

Maintains

Jul 23, 2014

Barclays

Equal-Weight

$25

Upgrade

Mar 19, 2014

Citigroup

Buy

$22

Upgrade

Feb 6, 2013

UBS

Neutral

$19

Maintains

Oct 16, 2012

GCI Company Information

What They Do: Media and marketing solutions provider in the U.S.

Business Model: The company generates revenue through a diverse business model that includes print and digital subscriptions, advertising services, and commercial printing. Its three main segments, Domestic Gannett Media, Newsquest, and Digital Marketing Solutions, allow it to cater to various customer needs, from local news delivery to digital marketing strategies.

Other Information: Gannett Co., Inc. was formerly known as New Media Investment Group Inc. and rebranded in November 2019. The company was incorporated in 2013 and is headquartered in Pittsford, New York, highlighting its established presence in the media industry.
GCI
Gannett Co Inc (GCI)

When did it IPO

2015

Staff Count

12,800

Country

United States

Sector/Industry

Communication Services/Publishing

CEO

Mr. Michael E. Reed

Market Cap

$832.9M

Gannett Co Inc (GCI) Financial Data

In 2023, GCI generated $2.66B in revenue, which was a decrease of -9.57% from the previous year. This can be seen as a signal that GCI's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$3.41B

Revenue From 2021

$3.21B

-5.80 %
From Previous Year

Revenue From 2022

$2.95B

-8.19 %
From Previous Year

Revenue From 2023

$2.66B

-9.57 %
From Previous Year
  • Revenue TTM $2.56B
  • Operating Margin TTM 2.5%
  • Gross profit TTM $971.5M
  • Return on assets TTM 2.8%
  • Return on equity TTM -40.1%
  • Profit Margin -4.4%
  • Book Value Per Share 1.73%
  • Market capitalisation $832.9M
  • Revenue for 2021 $3.21B
  • Revenue for 2022 $2.95B
  • Revenue for 2023 $2.66B
  • EPS this year (TTM) $-0.80

Gannett Co Inc (GCI) Latest News

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Gannett Co., Inc. (GCI) has released its Q3 2024 earnings call transcript, detailing financial performance and operational updates. Further specifics can be found in the full transcript.

Why It Matters - The Q3 2024 earnings call for Gannett Co., Inc. provides insights into financial performance, growth prospects, and market strategies, impacting stock valuation and investment decisions.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Gannett Co., Inc. (NYSE: GCI) reported Q3 2024 results with year-over-year Adjusted EBITDA growth and improved trends in three of four digital revenue categories. Total digital revenues surpassed prior levels.

Why It Matters - Gannett's growth in Adjusted EBITDA and improved digital revenues indicate operational strength, potentially enhancing investor confidence and stock performance.

News Image

Mon, 28 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Gannett Co., Inc. (NYSE: GCI) announced an Exchange Offer for its 6.000% Senior Secured Notes due 2026, along with a related consent solicitation for indenture amendments.

Why It Matters - Gannett's exchange offer for its senior secured notes indicates potential restructuring, impacting its debt profile and financial stability, which can influence stock performance and investor sentiment.

News Image

Thu, 17 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Gannett Co., Inc. (NYSE: GCI) will release Q3 2024 financial results on October 31, 2024, and host a conference call at 8:30 A.M. ET the same day. Earnings release will be available online.

Why It Matters - Gannett's upcoming Q3 2024 earnings release and conference call will provide insights into its financial health, influencing stock performance and investor sentiment.

News Image

Wed, 16 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Gannett Co., Inc. (NYSE: GCI) has completed the initial closing of its debt refinancing, extending maturities and reducing dilution from its 6.000% Senior Secured Convertible Notes due 2027.

Why It Matters - Gannett's debt refinancing extends maturities and reduces dilution, improving financial stability and potential for future growth, which can enhance shareholder value.

News Image

Fri, 11 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Gannett Co., Inc. (NYSE: GCI) announced preliminary results of its Exchange Offer for 6.000% Senior Secured Notes due 2026, allowing holders to exchange their notes for new securities.

Why It Matters - Gannett's exchange offer for its senior secured notes indicates a strategy to manage debt, which could impact its financial stability and future cash flow, influencing investor sentiment.

...

GCI Frequently asked questions

The highest forecasted price for GCI is $9 from at .

The lowest forecasted price for GCI is $3.5 from from

The GCI analyst ratings consensus are 2 buy ratings, 4 hold ratings, and 0 sell ratings.