New York Times PT Raised to $13.00 (NYT)
Investment analysts at Barclays Capital upped their price objective on shares of New York Times (NYSE:NYT) from $12.00 to $13.00 in a note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price objective indicates a potential upside of 5.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on NYT. Analysts at Zacks reiterated a “neutral” rating on shares of New York Times in a research note to investors on Tuesday, September 24th. They now have a $12.00 price target on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of New York Times from $9.00 to $11.00 in a research note to investors on Tuesday, September 24th. They now have a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.42.
New York Times (NYSE:NYT) traded down 0.98% on Monday, hitting $12.13. 319,139 shares of the company’s stock traded hands. New York Times has a 1-year low of $7.72 and a 1-year high of $12.84. The stock has a 50-day moving average of $11.65 and a 200-day moving average of $10.82. The company has a market cap of $1.813 billion and a P/E ratio of 9.46.
New York Times (NYSE:NYT) last released its earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date 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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