Gannett, Mosaic: S&P 500 Gainers

NEW YORK (TheStreet) -- Gannett(GCI) and Mosaic(GCI) were among the best-performing stocks in the S&P 500 on Wednesday.

Both stocks are rated buy at TheStreet Ratings.

Gannett and Mosaic are among the best-performers of the S&P 500 midday Wednesday.

The S&P 500 fell 4.55 points, or 0.33%, to 1,357.66 on Wednesday.

Shares of Gannett increased 4.21% to $15.61 on more than double the stock's average daily trading volume. During the media company's investor day Wednesday, Gannett said it anticipates annual revenue growth of between 2% and 4% as well as earnings growth for the next four years, Bloomberg reported. The company also reportedly expects to return about $1 billion to its shareholders by 2015.

Gannett has an estimated price-to-earnings ratio of 7.5; the average for publishing companies is 38.04. For comparison, Morningstar(MORN) and Meredith(MDP) both have higher forward P/Es of 22.39 and 11.39, respectively.

Six of the 11 analysts who cover Gannett rate it a buy; five analysts give it a hold rating.

TheStreet Ratings gives Gannett a B- grade with a $17.39 price target. The stock has risen 20.94% year to date.