Several brokerages have updated their recommendations and price targets on shares of E. W. Scripps (NYSE: SSP) in the last few weeks:

  • 2/2/2018 – E. W. Scripps was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/26/2018 – E. W. Scripps had its “hold” rating reaffirmed by analysts at Guggenheim. They now have a $18.00 price target on the stock.
  • 1/26/2018 – E. W. Scripps had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $21.00 price target on the stock. They wrote, “We do not believe this takes into consideration the significant synergies that could be achieved by a buyer of scale, noting that Scripps has a very concentrated portfolio (34 stations in 8 markets) in some quality, albeit smaller markets. As a result, we believe a buyer could pay a seller’s multiple closer to the current trading multiple rather than the industry multiple of ~7x and still achieve a buyer’s multiple of 5x or lower. At the mid-point of the range, this would result in a~$70M cash influx. We think a deal with one or multiple buyers could get consummated within the next 3-6 months.””
  • 1/24/2018 – E. W. Scripps was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. It also runs an expanding collection of local and national digital journalism and information businesses including online multi-source video news provider Newsy. Scripps also produces television programming, runs an award-winning investigative reporting newsroom in Washington, D.C., and serves as the long-time steward of one of the nation’s longest-running and most successful educational programs, Scripps National Spelling Bee. Scripps is focused on the stories of tomorrow. Scripps is one of the nation’s largest independent TV station owners. Scripps also runs an expanding collection of local and national digital journalism and information businesses, including multi-platform satire and humor brand Cracked, podcast industry leader Midroll Media and over-the-top video news service Newsy. “
  • 1/22/2018 – E. W. Scripps had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 1/20/2018 – E. W. Scripps was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. It also runs an expanding collection of local and national digital journalism and information businesses including online multi-source video news provider Newsy. Scripps also produces television programming, runs an award-winning investigative reporting newsroom in Washington, D.C., and serves as the long-time steward of one of the nation’s longest-running and most successful educational programs, Scripps National Spelling Bee. Scripps is focused on the stories of tomorrow. Scripps is one of the nation’s largest independent TV station owners. Scripps also runs an expanding collection of local and national digital journalism and information businesses, including multi-platform satire and humor brand Cracked, podcast industry leader Midroll Media and over-the-top video news service Newsy. “
  • 1/10/2018 – E. W. Scripps was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. It also runs an expanding collection of local and national digital journalism and information businesses including online multi-source video news provider Newsy. Scripps also produces television programming, runs an award-winning investigative reporting newsroom in Washington, D.C., and serves as the long-time steward of one of the nation’s longest-running and most successful educational programs, Scripps National Spelling Bee. Scripps is focused on the stories of tomorrow. Scripps is one of the nation’s largest independent TV station owners. Scripps also runs an expanding collection of local and national digital journalism and information businesses, including multi-platform satire and humor brand Cracked, podcast industry leader Midroll Media and over-the-top video news service Newsy. “
  • 12/31/2017 – E. W. Scripps was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

E. W. Scripps Co (NYSE:SSP) opened at $15.03 on Wednesday. The company has a market cap of $1,210.00, a PE ratio of 68.32, a P/E/G ratio of 10.53 and a beta of 1.92. E. W. Scripps Co has a 12 month low of $13.88 and a 12 month high of $24.15. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.42.

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

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