Published On: Wed, Oct 19th, 2016

Recently Changed Price Targets On Meredith Corporation (NYSE:MDP)


A number of investment brokers have recently updated their price targets on shares of Meredith Corporation (NYSE:MDP).

Most recent broker ratings

07/29/2016 – Meredith Corporation had its “buy” rating reiterated by analysts at Benchmark. They now have a USD 62 price target on the stock.

01/29/2016 – Meredith Corporation had its “equal-weight” rating reiterated by analysts at Stephens. They now have a USD 44 price target on the stock.

12/16/2015 – Meredith Corporation had its “hold” rating reiterated by analysts at Gabelli. They now have a USD 50 price target on the stock.

12/03/2015 – Meredith Corporation had its “neutral” rating reiterated by analysts at Citigroup. They now have a USD 57 price target on the stock.

09/09/2015 – Meredith Corporation had its “hold” rating reiterated by analysts at Jefferies. They now have a USD 52 price target on the stock.

06/23/2015 – Meredith Corporation had its “buy” rating reiterated by analysts at Sanford C. Bernstein. They now have a USD 58 price target on the stock.

03/20/2015 – Meredith Corporation had its “outperform” rating reiterated by analysts at Zacks. They now have a USD 62 price target on the stock.

02/26/2015 – Wells Fargo began new coverage on Meredith Corporation giving the company a “market perform” rating.

01/29/2015 – Meredith Corporation had its “mkt perform” rating reiterated by analysts at FBR Capital Markets. They now have a USD 49 price target on the stock.

12/18/2014 – Sidoti began new coverage on Meredith Corporation giving the company a “neutral” rating.

04/17/2014 – Meredith Corporation was downgraded to “neutral” by analysts at Citic Securities. They now have a USD 48 price target on the stock.

01/30/2014 – Meredith Corporation was upgraded to “hold” by analysts at S&P Capital IQ.

01/21/2014 – Meredith Corporation was downgraded to “neutral” by analysts at Ned Davis Research.

The share price of Meredith Corporation (NYSE:MDP) was up +1.36% during the last trading session, with a day high of 48.95. 199250 shares were traded on Meredith Corporation’s last session.

The stock’s 50 day moving average is 51.22 and its 200 day moving average is 51.38. The stock’s market capitalization is 2.16B. Meredith Corporation has a 52-week low of 35.03 and a 52-week high of 57.53.

Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company’s Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations. Its National Media segment includes magazine publishing, custom content and customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. Its National Media segment focuses on the food, home, parenthood, and health markets and is a publisher of magazines serving women. As of June 30, 2016, the Company’s owned television stations consist of seven CBS affiliates, five FOX affiliates, two MyNetworkTV affiliates, one NBC affiliate, one ABC affiliate and one independent station. The National Media segment also focuses on run-of-press display advertising.