Analyst Ratings for TEGNA Inc. (TGNA)

Updated: 2017-07-26

Shares of TEGNA Inc. (NYSE:TGNA) have received a consensus rating of Overweight from Wall Street analysts. Last month, TGNA received an average rating of Overweight.

5 analysts declared TGNA a buy, 0 issued an overweight rating, 6 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

TGNA was given price targets by several analysts. The maximum price target given was 20, which equates to a potential upside of 31.15 percent. The lowest price target was 10.25, implying a possible loss of -32.79 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -39.58 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.39 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -29.67 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of TGNA to grow at a rate of -32.39 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. TGNA has a PEG ratio of -0.25.

TGNA has traded between a high of 17.07 and a low of 11.47 over the past year. Today's price is 32.96 percent above the 52-week low, and below the high by 10.66 percent. TGNA has a price/earnings ratio of 8.16. Investors typically compare the P/E ratio to a company's peers in the industry. The TGNA value stock report compares TGNA to some of its peers using value stock charts. The stock has a market capitalization of $3.28 billion. TGNA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.