Analysis Of The Weekly Performance Of TEGNA Inc. (TGNA)


TEGNA Inc. (NYSE:TGNA) traded with an addition of $0.29 to close at $21.09 on Thursday, an upside of 1.39 percent. An average of 1,103,449 shares of common stock have been traded in the last five days. There was a gain of $0.98 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,393,857 shares traded, while the 50-day average volume stands at 1,571,511.

TGNA stock has increased by 6.89% in the last month. The company shares reached their 1-month lowest point of $19.26 on 11/30/22. With the stock rallying to its 52-week high on 03/01/22, shares of the company touched a low of $17.94 and a high of $23.04 in 52 weeks. It has reached a new high 11 times so far this year and achieved 12.07% or $2.53 in price. In spite of this, the price is down -8.46% from the 52-week high.

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Valuation Metrics

TEGNA Inc. (TGNA) has a trailing price-to-earnings (P/E) ratio of 8.61. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.44, the price-to-book (PB) ratio at 1.62, and the price-to-cash flow ratio at 7.35.

The company has a payout ratio of 15.70%. The company’s most recent quarterly dividend payment was $0.0950 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Monday March 29 2021.

Financial Health

The quick ratio of TEGNA Inc. for the three months ended September 29 was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.07 and a total debt to equity ratio of 1.07 for the quarter ending September 29. Its gross profit as reported stood at $1.39 billion compared to revenue of $2.99 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TEGNA Inc.’s return on assets was 7.80%.

Earnings Surprise

For the three-month period that ended September 29, TEGNA Inc. had $3.07 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $146.07 million in the quarter, while revenues of $131.57 million were grew 12.18%. The analyst consensus anticipated TEGNA Inc.’s latest quarter earnings to come in at $0.73 per share, but it turned out to be $0.65, a -11.00% surprise. For the quarter, EBITDA amounted to $262.43 million. Shareholders own equity worth $223.29 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at TEGNA Inc. (TGNA) price momentum. RSI 9-day as of the close on 28 December was 79.56%, suggesting the stock is Overbought, with historical volatility in this time frame at 10.12%.

As of today, TGNA’s price is $20.73 +4.90% or $0.98 from its 5-day moving average. TGNA is currently trading +6.86% higher than its 20-day SMA and -0.40% lower than its 100-day SMA. However, the stock’s current price level is +1.66% above the SMA50 and -5.78% below the SMA200.

The stochastic %K and %D were 90.59% and 88.07%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 96.04% and the average true range at 0.37, the RSI (14) stands at 70.36%. The stock has reached 0.54 on the 9-day MACD Oscillator while the 14-day reading was at 0.74.

Analyst Ratings

Wells Fargo downgraded TEGNA Inc. (NYSE: TGNA) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for TEGNA Inc. (TGNA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TGNA, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is TGNA’s price target for the next 12 months?

Analysts predict a range of price targets between $24.00 and $24.00, with a median target of $24.00. Taking a look at these predictions, the average price target given by analysts for TEGNA Inc. (TGNA) stock is $24.00.


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