Stock analysts at Evercore ISI assumed coverage on shares of Time Inc. (NYSE:TIME) in a report released on Friday. The brokerage set an “outperform” rating and a $7.00 price target on the stock. Evercore ISI’s price objective indicates a potential downside of 56.79% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Time from a “hold” rating to a “buy” rating in a report on Thursday. Gabelli cut shares of Time from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub cut shares of Time from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Time from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Time presently has an average rating of “Hold” and an average price target of $12.80.

Time (TIME) traded up $3.55 on Friday, reaching $16.20. 6,168,900 shares of the company traded hands, compared to its average volume of 1,275,663. The company has a market cap of $1,260.22, a PE ratio of 11.93, a P/E/G ratio of 2.42 and a beta of 0.62. Time has a 1-year low of $9.90 and a 1-year high of $20.40. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.88.

Time (NYSE:TIME) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. Time had a negative net margin of 0.10% and a positive return on equity of 7.53%. The business had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $693.65 million. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. equities research analysts predict that Time will post 1.05 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Shell Asset Management Co. acquired a new position in Time in the 3rd quarter valued at about $104,000. Shelton Capital Management acquired a new position in Time in the 2nd quarter valued at about $144,000. Riverhead Capital Management LLC grew its stake in Time by 84.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,343 shares of the company’s stock valued at $148,000 after buying an additional 4,743 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of Time by 84.9% during the 2nd quarter. Flinton Capital Management LLC now owns 10,438 shares of the company’s stock worth $150,000 after purchasing an additional 4,794 shares in the last quarter. Finally, Balter Liquid Alternatives LLC acquired a new position in shares of Time during the 2nd quarter worth approximately $156,000. Institutional investors and hedge funds own 88.84% of the company’s stock.

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.

Analyst Recommendations for Time (NYSE:TIME)

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