Time Inc. (NYSE:TIME) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

TIME has been the subject of a number of research reports. Zacks Investment Research cut Time from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub cut Time from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Morgan Stanley lowered their target price on Time from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, ValuEngine raised Time from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th.

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Time (NYSE:TIME) opened at 12.05 on Thursday. The stock’s market capitalization is $1.20 billion. Time has a 12 month low of $11.65 and a 12 month high of $20.40. The company’s 50-day moving average is $12.86 and its 200-day moving average is $13.81.

Time (NYSE:TIME) last posted its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Time had a positive return on equity of 7.06% and a negative net margin of 4.34%. The business had revenue of $694.00 million for the quarter, compared to the consensus estimate of $698.66 million. During the same period in the previous year, the company posted $0.22 earnings per share. Time’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts anticipate that Time will post $1.10 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advantus Capital Management Inc increased its stake in Time by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 12,700 shares of the company’s stock worth $246,000 after purchasing an additional 389 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Time by 2.8% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 17,570 shares of the company’s stock worth $289,000 after acquiring an additional 475 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Time by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 72,615 shares of the company’s stock worth $1,042,000 after acquiring an additional 796 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Time by 3.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 44,941 shares of the company’s stock worth $645,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in shares of Time by 7.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 26,932 shares of the company’s stock worth $386,000 after acquiring an additional 1,786 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

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