The New York Times Company Given Neutral Rating at Zacks (NYT)
The New York Times Company (NYSE:NYT)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Tuesday. They currently have a $16.00 price target on the stock. Zacks‘s price objective indicates a potential upside of 5.19% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of The New York Times Company in a research note on Wednesday, June 25th. They set a “hold” rating on the stock. Analysts at Ned Davis Research upgraded shares of The New York Times Company from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The New York Times Company currently has an average rating of “Hold” and a consensus price target of $12.92.
The New York Times Company (NYSE:NYT) traded up 2.50% on Tuesday, hitting $15.59. The stock had a trading volume of 422,867 shares. The New York Times Company has a one year low of $10.90 and a one year high of $17.37. The stock’s 50-day moving average is $15.21 and its 200-day moving average is $15.46. The company has a market cap of $2.343 billion and a price-to-earnings ratio of 38.12.
The New York Times Company (NYSE:NYT) last announced its earnings results on Thursday, April 24th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.04. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $384.73 million. During the same quarter last year, the company posted $0.04 earnings per share. The New York Times Company’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that The New York Times Company will post $0.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, July 15th.
The New York Times Company is a global media organization engaged in creating, collecting and distributing news and information.
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