Basically, a price target is an individual analyst's projection on the future price of a stock.
Now the shares of Tribune Media Company (TRCO) has a trading volume of 7.72 Million shares, with an average trading volume of 7370 shares - with shares dropping to a 52 week low of $24.65, and the company's shares hitting a 52 week high of $ 43.04.
A price target is the projected price level of a financial security stated by an investment analyst.
Tribune Media Company (TRCO) is expected to post revenue of $486.04 Million in the current quarter, according to consensus of 4 analysts. The stock has a consensus rating of Hold and a consensus price target of $44.50.
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Tribune Media Company is a diversified media and entertainment business. The relative volume of the stock is 4.27, while its market cap is $3.67 Billion. The share price is trading in a range of $41.80 - 42.10. Over the short term, some market observers may have noticed that Tribune Media Company has a 3.27% short float with 15 days to cover. Earnings per share is generally considered to be the single most important variable in determining a share's price. Over the past 2 quarters, the stock is up 62.81%, compared with a gain of almost 42.84% for 3 months and about 11.45% for the past 30 days.
During the previous year Tribune Media Company's shares have increased by 30.69% from 32.06 to 41.9.
"We expect the next three quarters will be strong as we cycle past core advertising displacement, realize significant acceleration of retransmission revenues and continue disciplined expense management across the company", said Peter Kern, interim CEO of the company, in a statement ahead of an analyst call. Prior to the last earnings report, Zacks Research had a consensus estimate looking for EPS of $-0.17. The 52 week high Tribune Media Company's shares have reached is 43.04 whilst the 52 week low for the company's shares is 27.75. A beta of less than 1 means that the security will be less volatile than the market. On the other side, sales forecasts for the current quarter are $478.22M.
Whereas they predicted High and Low Earnings Estimate as $0.53 and $0.27 respectively.
Tribune reported cash distributions from its stake in Food Network rose to $111.5 million during the quarter, up from $89.3 million one year ago. The mean revenue estimate is $1.89B.
Tribune Media Co (NYSE:TRCO) posted its earnings results on Wednesday. The stock showed weekly upbeat performance of 0.05%, which was maintained for the month at -11.57%.
TRCO has been the topic of a number of other research reports. The correct version of this article can be read at https://www.themarketsdaily.com/2017/05/12/gabelli-lowers-tribune-media-co-trco-to-sell.html. BWS Financial cut their price target on Tribune Media from $54.00 to $48.00 and set a "buy" rating for the company in a report on Monday, May 1st.