New York Times Price Target Raised to $11.00 at Benchmark Co. (NYT)
Research analysts at Benchmark Co. lifted their price objective on shares of New York Times (NYSE:NYT) from $9.00 to $11.00 in a report released on Tuesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s target price indicates a potential downside of 6.06% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of New York Times (NYSE:NYT) in a research note to investors on Wednesday, August 14th. They now have a $13.00 price target on the stock. Separately, analysts at Barclays Capital downgraded shares of New York Times (NYSE:NYT) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, July 11th. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Thomson Reuters/Verus downgraded shares of New York Times (NYSE:NYT) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 8th.
Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. New York Times presently has an average rating of “Hold” and a consensus target price of $10.42.
Shares of New York Times (NYSE:NYT) traded down 0.34% on Tuesday, hitting $11.67. The stock had a trading volume of 29,085 shares. New York Times has a one year low of $7.72 and a one year high of $12.84. The stock has a 50-day moving average of $11.59 and a 200-day moving average of $10.68. The company has a market cap of $1.744 billion and a price-to-earnings ratio of 9.04.
New York Times (NYSE:NYT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $485.40 million for the quarter, compared to the consensus estimate of $487.43 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that New York Times will post $0.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, October 7th.
The New York Times Company is a global, multimedia news and information company that includes newspapers, digital businesses, investments in paper mills and other investments.
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