Gray Television, Inc. (GTN) Receives Consensus Rating of “Buy” from Analysts

Gray Television, Inc. (NYSE:GTN) has received an average rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.60.

Several research firms recently weighed in on GTN. Zacks Investment Research downgraded shares of Gray Television from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 5th. Barrington Research reiterated a “buy” rating and issued a $23.00 target price on shares of Gray Television in a report on Thursday, February 28th. ValuEngine upgraded shares of Gray Television from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Stephens reiterated an “overweight” rating and issued a $27.00 target price on shares of Gray Television in a report on Friday, March 1st. Finally, Noble Financial reiterated a “buy” rating and issued a $23.00 target price on shares of Gray Television in a report on Friday, March 1st.

Shares of GTN stock traded down $1.52 during trading on Monday, hitting $18.82. 1,544,427 shares of the stock traded hands, compared to its average volume of 1,024,830. The firm has a market cap of $1.90 billion, a PE ratio of 7.74, a PEG ratio of 1.37 and a beta of 2.03. The company has a debt-to-equity ratio of 2.15, a quick ratio of 5.80 and a current ratio of 5.80. Gray Television has a 52-week low of $10.70 and a 52-week high of $25.31.



Gray Television (NYSE:GTN) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.13. The firm had revenue of $518.00 million for the quarter, compared to analyst estimates of $498.41 million. Gray Television had a net margin of 12.56% and a return on equity of 21.36%. The business’s revenue for the quarter was up 129.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. Equities research analysts predict that Gray Television will post 1.47 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new position in shares of Gray Television in the first quarter worth $35,000. Global Retirement Partners LLC grew its stake in shares of Gray Television by 342.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,783 shares of the company’s stock worth $26,000 after acquiring an additional 1,380 shares in the last quarter. Smith Asset Management Group LP acquired a new position in shares of Gray Television in the fourth quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Gray Television by 30.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,316 shares of the company’s stock worth $78,000 after acquiring an additional 1,248 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Gray Television in the fourth quarter worth $110,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

About Gray Television

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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Analyst Recommendations for Gray Television (NYSE:GTN)

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