Gray Media (NYSE:GTN) Price Target Raised to $12.00

Gray Media (NYSE:GTN) had its price objective hoisted by Benchmark from $10.00 to $12.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on GTN. Wall Street Zen cut Gray Media from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Zacks Research raised shares of Gray Media from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Gray Media in a report on Monday, December 29th. Finally, Wells Fargo & Company upped their price objective on shares of Gray Media from $5.00 to $5.50 and gave the company an “equal weight” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Gray Media Stock Performance

Shares of GTN opened at $5.18 on Friday. The company has a market capitalization of $528.32 million, a PE ratio of -3.64 and a beta of 0.85. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. Gray Media has a one year low of $3.13 and a one year high of $6.30. The company’s fifty day moving average price is $4.65 and its 200 day moving average price is $5.04.

Gray Media (NYSE:GTN) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.04. Gray Media had a negative return on equity of 2.51% and a negative net margin of 2.75%.The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $780.50 million. During the same period last year, the business posted $1.59 earnings per share. The firm’s revenue was down 24.2% compared to the same quarter last year. As a group, analysts expect that Gray Media will post 3.32 earnings per share for the current year.

Gray Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.32 annualized dividend and a dividend yield of 6.2%. Gray Media’s dividend payout ratio is presently 78.05%.

Hedge Funds Weigh In On Gray Media

Several institutional investors have recently added to or reduced their stakes in GTN. Acadian Asset Management LLC bought a new stake in Gray Media during the first quarter worth about $28,000. Merit Financial Group LLC bought a new stake in Gray Media during the 3rd quarter worth approximately $59,000. CANADA LIFE ASSURANCE Co increased its holdings in Gray Media by 68.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,401 shares of the company’s stock valued at $50,000 after purchasing an additional 4,217 shares in the last quarter. M&T Bank Corp acquired a new stake in Gray Media during the 4th quarter valued at $51,000. Finally, Wealth Alliance LLC bought a new position in Gray Media in the 3rd quarter valued at $63,000. 78.64% of the stock is owned by institutional investors.

Key Gray Media News

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Benchmark Co. raised its price target to $12 and set a “buy” rating, implying substantial upside from current levels. Analyst optimism can support buying interest and sentiment improvement. Analyst Upgrade
• Positive Sentiment: Board authorized a quarterly cash dividend of $0.08 per share (payable Mar 31; record Mar 13), yielding roughly 5.9% — attractive income for yield-focused investors and a cash-return signal. Dividend Announcement
• Positive Sentiment: Q4 results topped street estimates: adjusted EPS beat (reported loss smaller than expected) and revenue of $792M beat consensus. Management said results exceeded guidance and highlighted strong Q4 execution, which supports near-term fundamentals. Q4 Press Release
• Neutral Sentiment: Earnings call transcripts and slide deck are available (useful for detail on ad trends, political/seasonal impacts and cost actions). These materials can clarify drivers but don’t change the headline results. Call Transcript Slide Deck
• Negative Sentiment: Q1 2026 revenue guidance was lowered to about $755M–$770M, below consensus (~$779M). Below-consensus forward guidance is the primary negative catalyst and explains downward pressure on the share price.
• Negative Sentiment: Revenue declined ~24% year-over-year and prior-year EPS was much higher; the company is still navigating a post-election/advertising slowdown and structural pressures that may limit near-term upside. Zacks and other outlets highlighted the loss but noted the beat. Zacks Coverage

About Gray Media

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.