Ride Out The Next Market Storm With Gray Television Inc. (NYSE:GTN), Sysco Corporation (NYSE:SYY)

The shares of Gray Television Inc. (NYSE:GTN) has been pegged with a rating of Outperform by Wells Fargo in its latest research note that was published on September 24, 2019. The Services company has also assigned a $21 price target. Wells Fargo wasn’t the only research firm that published a report of Gray Television Inc., with other equities research analysts also giving their opinion on the stock. Barrington Research advised investors in its research note published on March 04, 2019, to Outperform the GTN stock while also putting a $26 price target. The stock had earned Buy rating from The Benchmark Company Markets when it published its report on November 07, 2018. That day the The Benchmark Company set price target on the stock to $29. The stock was given Buy rating by Jefferies in its report released on December 14, 2017, the day when the price target on the stock was placed at 18. Guggenheim was of a view that GTN is Buy in its latest report on October 18, 2017. The Benchmark Company thinks that GTN is worth Buy rating. This was contained in the firm’s report on August 09, 2017 in which the stock’s price target was also moved to 20.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $27.00. The price of the stock the last time has raised by 42.44% from its 52-Week high price while it is -52.00% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 43.16.

The shares of the company added by 9.46% during the trading session on Wednesday, reaching a low of $11.27 while ending the day at $12.15. During the trading session, a total of 1.8 million shares were traded which represents a -68.62% decline from the average session volume which is 1.07 million shares. GTN had ended its last session trading at $11.10. Gray Television Inc. currently has a market cap of $1.17 billion, while its P/E ratio stands at 9.65, while its P/E earnings growth sits at 0.97, with a beta of 2.15. Gray Television Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 2.70 GTN 52-week low price stands at $8.53 while its 52-week high price is $25.31.

The company in its last quarterly report recorded $0.81 earnings per share which is above the predicted by most analysts. The Gray Television Inc. generated 212.0 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.46 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 66.67%. Gray Television Inc. has the potential to record 3.05 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Argus published a research note on March 24, 2020 where it informed investors and clients that Sysco Corporation (NYSE:SYY) is now rated as Hold. Wells Fargo also rated SYY as Downgrade on February 04, 2020, with its price target of $75 suggesting that SYY could surge by 40.04% from its current share price. Even though the stock has been trading at $38.98/share, analysts expect it to surge by 17.11% to reach $76.14/share. It started the day trading at $47.02 and traded between $39.43 and $45.65 throughout the trading session.

A look at its technical shows that SYY’s 50-day SMA is 68.38 while its 200-day SMA stands at 74.89. The stock has a high of $85.98 for the year while the low is $26.00. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 8.57 M shorted shares, the short percentage went higher by 30.94%, as 11.22M GTN shares were shorted. The company’s P/E ratio currently sits at 13.04, while the P/B ratio is 9.20. The company’s average trading volume currently stands at 4.50M shares, which means that the short-interest ratio is just 1.90 days. Over the past seven days, the company moved, with its shift of 46.13%. Looking further, the stock has dropped -46.48% over the past 90 days while it lost -41.93% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more SYY shares, increasing its portfolio by 1.14% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 524,079 shares in the last quarter, thus it now holds 46,397,220 shares of SYY, with a total valuation of $3,092,374,713. SSgA Funds Management, Inc. meanwhile sold more SYY shares in the recently filed quarter, changing its stake to $1,756,348,870 worth of shares.

Similarly, Trian Fund Management LP increased its Sysco Corporation shares by 0.02% during the recently filed quarter. After buying 23,676,143 shares in the last quarter, the firm now controls 4,540 shares of Sysco Corporation which are valued at $1,578,014,931. In the same vein, BlackRock Fund Advisors increased its Sysco Corporation shares by during the most recent reported quarter. The firm bought 30,558 shares during the quarter which increased its stakes to 23,639,551 shares and is now valued at $1,575,576,074. Following these latest developments, around 0.10% of Sysco Corporation stocks are owned by institutional investors and hedge funds.