The New York Times Company Stock Rating Reaffirmed by Jefferies Group (NYT)
The New York Times Company (NYSE:NYT)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group in a research report issued on Wednesday. They currently have a $13.00 price target on the stock, down from their previous price target of $15.00. Jefferies Group’s target price would suggest a potential upside of 1.17% from the stock’s previous close.
A number of other firms have also recently commented on NYT. Analysts at Zacks reiterated a “neutral” rating on shares of The New York Times Company in a research note on Wednesday. They now have a $14.00 price target on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of The New York Times Company from $14.00 to $13.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The New York Times Company presently has an average rating of “Hold” and an average price target of $13.75.
Shares of The New York Times Company (NYSE:NYT) traded down 1.40% during mid-day trading on Wednesday, hitting $12.71. The stock had a trading volume of 1,122,814 shares. The New York Times Company has a 52 week low of $10.90 and a 52 week high of $17.37. The stock has a 50-day moving average of $14.85 and a 200-day moving average of $15.38. The company has a market cap of $1.910 billion and a P/E ratio of 32.31.
The New York Times Company (NYSE:NYT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.02. The company had revenue of $388.70 million for the quarter, compared to the consensus estimate of $390.50 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that The New York Times Company will post $0.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders 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 1.25%. 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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