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Is this Large Market Cap Stock target price reasonable for TEGNA Inc. (NYSE:TGNA)?

The company in question is, TEGNA Inc. (NYSE:TGNA) currently with a stock price of 19.76 (-0.88% today). The market cap for TEGNA Inc. is 4401.56, and is in the sector Services, and Broadcasting – TV industry. The target price for TEGNA Inc. is 27.14. Currently TEGNA Inc. is trading with a P/E of 9.97, and a forward P/E of 10.2. Average volume for TEGNA Inc. is 1726.36 and so far today it is 979405.

Performance in the last year for TEGNA Inc. has been -18.43%. For EPS growth, TEGNA Inc. has seen a growth of -47.50%, and is looking to grow in the next year to -15.99%. More long term stats show that EPS growth has been -7.90% over the last five years and could be 10.00% for the next five years. TEGNA Inc. has seen sales growth quarter over quarter at 7.30%, with EPS growth quarter over quarter at 171.80%. The 20-day simple moving average is -6.27%, with the 200-day simple moving average coming to -12.32%.

Since the IPO date for TEGNA Inc. on the 07/01/1985, TEGNA Inc. has seen performance year to date to be -20.39%. With TEGNA Inc. trading at 19.76, the dividend yield is 2.81%, and the EPS is 2.

So could TEGNA Inc., be undervalued? Well as said before P/E is 9.97. The PEG is 1, P/S is 1.44 and the P/B is at 2.01. The P/cash is 43.07, with P/free cash flow at 35.1.

TEGNA Inc. ability to deal with debt shows that the current ratio is 1.5, and the quick ratio is *TBA. This is with long term debt/equity at 1.98, and total debt/equity at 1.98.

In terms of margins, TEGNA Inc. has a gross margin of 70.80%, an operating margin of 32.20% and a profit margin of 13.60%.Payout ratio for TEGNA Inc. is 29.70%. Return on assets come to 4.80% with return on investment coming to 11.20%.

Insider ownership for TEGNA Inc., is at 6.92% and institutional ownership comes to 91.80%. Outstanding shares are at 220.74. While shares float is 213.59. The float short is currently 3.45%, and short ratio is 4.26.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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