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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.