Zacks reissued their neutral rating on shares of Washington Post (NYSE: WPO) in a research report released on Wednesday morning. Zacks currently has a $411.00 price target on the stock.
Zacks’ analyst wrote, “The Washington Post Company’s fourth-quarter 2012 adjusted earnings from continuing operations came in at $10.61 per share, up approximately 19% from $8.91 earned in the prior-year quarter reflecting strength across Television Broadcasting and Cable Television divisions, offset by sluggish performance in the Education and Newspaper Publishing divisions. Television Broadcasting revenue surged 32%, whereas Cable Television division’s revenue rose 6%. On the contrary, Newspaper Publishing revenue fell 6%, while print advertising revenue declined 12%. Education division’s revenue went down 6%, reflecting a 15% fall in Higher Education revenue and a decline of 10% in Test Preparation revenue, partly offset by a 9% jump in Kaplan International revenue. Total student enrollment dropped 12% during the quarter. To counter the sluggishness in student enrollment, Kaplan Education division has undertaken a restructuring plan to lower its costs structure in the near future. Currently, we maintain our Neutral recommendation on the stock.”
Shares of Washington Post opened at 398.54 on Wednesday. Washington Post has a 52 week low of $327.00 and a 52 week high of $425.73. The stock’s 50-day moving average is currently $391.7. The company has a market cap of $2.960 billion and a P/E ratio of 23.01.
Separately, analysts at TheStreet downgraded shares of Washington Post to a hold rating in a research note to investors on Monday.
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