The New York Times Company (NYSE:NYT) Receives Consensus Rating of “Moderate Buy” from Analysts

The New York Times Company (NYSE:NYTGet Free Report) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $65.7143.

A number of equities research analysts have weighed in on the stock. UBS Group set a $62.00 price target on shares of New York Times in a research report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Barclays raised their price target on New York Times from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Finally, Citigroup boosted their price objective on New York Times from $72.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd.

Check Out Our Latest Research Report on New York Times

More New York Times News

Here are the key news stories impacting New York Times this week:

Hedge Funds Weigh In On New York Times

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of New York Times by 18.3% in the fourth quarter. GAMMA Investing LLC now owns 4,609 shares of the company’s stock valued at $320,000 after acquiring an additional 713 shares in the last quarter. Jacobs & Co. CA acquired a new position in New York Times during the 4th quarter worth $229,000. Tudor Investment Corp ET AL increased its holdings in New York Times by 702.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 402,689 shares of the company’s stock worth $23,114,000 after purchasing an additional 352,496 shares during the period. Allworth Financial LP raised its position in New York Times by 124.6% in the 3rd quarter. Allworth Financial LP now owns 2,293 shares of the company’s stock valued at $132,000 after purchasing an additional 1,272 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of New York Times by 3.3% in the 3rd quarter. IFP Advisors Inc now owns 27,317 shares of the company’s stock valued at $1,568,000 after buying an additional 877 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Up 2.7%

Shares of New York Times stock opened at $71.27 on Thursday. The firm has a market cap of $11.57 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. New York Times has a 52 week low of $44.83 and a 52 week high of $71.29. The business’s fifty day simple moving average is $65.61 and its 200-day simple moving average is $59.83.

New York Times (NYSE:NYTGet Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The firm had revenue of $700.82 million during the quarter, compared to the consensus estimate of $692.01 million. During the same period last year, the company earned $0.45 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts expect that New York Times will post 2.08 earnings per share for the current year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 6th. New York Times’s dividend payout ratio is currently 35.12%.

About New York Times

(Get Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

Featured Stories

Analyst Recommendations for New York Times (NYSE:NYT)

Receive News & Ratings for New York Times Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times and related companies with MarketBeat.com's FREE daily email newsletter.