New York Times (NYT) Given a $20.00 Price Target by Barclays Analysts

New York Times (NYSE:NYT) has been assigned a $20.00 target price by investment analysts at Barclays in a report issued on Sunday. The brokerage presently has a “hold” rating on the stock. Barclays’ target price suggests a potential downside of 17.01% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, November 3rd. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group reissued a “hold” rating and set a $18.00 target price on shares of New York Times in a research report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.33.

New York Times (NYT) opened at $24.10 on Friday. The company has a market cap of $3,907.98, a P/E ratio of 1,205.00 and a beta of 1.85. New York Times has a 52 week low of $14.08 and a 52 week high of $25.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 1.83.

New York Times (NYSE:NYT) last released its earnings results on Thursday, February 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.09. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.89%. New York Times’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. analysts forecast that New York Times will post 0.75 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in NYT. Wells Fargo & Company MN boosted its holdings in shares of New York Times by 9.0% in the 2nd quarter. Wells Fargo & Company MN now owns 101,181 shares of the company’s stock valued at $1,791,000 after acquiring an additional 8,322 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of New York Times by 6.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after acquiring an additional 429 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of New York Times by 7.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 24,650 shares of the company’s stock valued at $436,000 after acquiring an additional 1,720 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of New York Times by 11.6% in the 2nd quarter. New York State Common Retirement Fund now owns 218,835 shares of the company’s stock valued at $3,873,000 after acquiring an additional 22,682 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of New York Times by 3.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 75,815 shares of the company’s stock valued at $1,342,000 after acquiring an additional 2,652 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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New York Times Company Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

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