In a report released today, James Goss from Barrington reiterated a Buy rating on Gray Television (GTN – Research Report), with a price target of $12.00. The company’s shares opened today at $9.37.
According to TipRanks, Goss is an analyst with an average return of -6.9% and a 35.96% success rate. Goss covers the Communication Services sector, focusing on stocks such as TEGNA, Fluent, and Townsquare Media.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gray Television with a $15.75 average price target, representing a 68.09% upside. In a report released yesterday, Noble Financial also assigned a Buy rating to the stock with a $20.00 price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $20.21 and a one-year low of $6.43. Currently, Gray Television has an average volume of 1.04M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GTN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The Production Companies segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.
Read More on GTN:
- Gray Television price target lowered to $14 from $15 at Guggenheim
- GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
- Gray Television sees Q2 revenue $780M-$810M, consensus $811.53M
- Gray Television reports Q2 adjusted EPS (10c), consensus (18c)
- Gray Television Posts Core Advertising Revenue Growth In The Second Quarter
