Currently, there are 162.48M common shares owned by the public and among those 159.26M shares have been available to trade.
The company’s stock has a 5-day price change of 2.10% and 22.55% over the past three months. TGNA shares are trading 20.78% year to date (YTD), with the 12-month market performance up to 20.94% higher. It has a 12-month low price of $12.35 and touched a high of $19.62 over the same period. TGNA has an average intraday trading volume of 1.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.32%, 3.75%, and 20.84% respectively.
Institutional ownership of TEGNA Inc (NYSE: TGNA) shares accounts for 101.77% of the company’s 162.48M shares outstanding.
It has a market capitalization of $2.98B and a beta (3y monthly) value of 0.53. The stock’s trailing 12-month PE ratio is 6.51, while the earnings-per-share (ttm) stands at $2.84. The company has a PEG of 0.21 and a Quick Ratio of 2.60 with the debt-to-equity ratio at 1.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.21% over the week and 2.35% over the month.
Earnings per share for the fiscal year are expected to increase by 85.98%, and -40.78% over the next financial year. EPS should grow at an annualized rate of 31.00% over the next five years, compared to 4.05% over the past 5-year period.
Looking at the support for the TGNA, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on December 19, 2024, with the firm’s price target at $21-$23. JP Morgan coverage for the TEGNA Inc (TGNA) stock in a research note released on December 06, 2023 offered a Neutral rating with a price target of $17. Barrington Research on their part issued Mkt Perform rating on September 22, 2021.
