New York Times (NYSE:NYT) Given New $82.00 Price Target at JPMorgan Chase & Co.

New York Times (NYSE:NYT) had its price target raised by JPMorgan Chase & Co. from $74.00 to $82.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also weighed in on NYT. Morgan Stanley set a $90.00 target price on New York Times in a research note on Thursday, May 7th. Argus upgraded New York Times to a “strong-buy” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $95.00 target price on shares of New York Times in a research note on Thursday, May 7th. Guggenheim raised their target price on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

New York Times Stock Performance

NYSE:NYT opened at $75.39 on Friday. The stock’s 50 day moving average price is $79.84 and its 200 day moving average price is $74.10. New York Times has a 52 week low of $51.03 and a 52 week high of $87.10. The company has a market capitalization of $12.20 billion, a P/E ratio of 32.36, a P/E/G ratio of 1.57 and a beta of 0.98.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company had revenue of $712.24 million during the quarter, compared to analysts’ expectations of $699.93 million. During the same period in the prior year, the business earned $0.41 earnings per share. New York Times’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that New York Times will post 2.9 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP William Bardeen sold 13,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total value of $1,034,280.00. Following the sale, the executive vice president owned 18,681 shares in the company, valued at approximately $1,486,260.36. This represents a 41.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David S. Perpich sold 9,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the sale, the director owned 28,469 shares in the company, valued at approximately $2,193,821.14. This trade represents a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,121 shares of company stock valued at $3,087,990 in the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On New York Times

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in shares of New York Times during the 1st quarter worth $442,000. Focus Partners Wealth increased its holdings in New York Times by 52.2% in the 1st quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock worth $577,000 after purchasing an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in New York Times by 690.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after purchasing an additional 739 shares in the last quarter. Baird Financial Group Inc. acquired a new position in New York Times in the 2nd quarter worth about $306,000. Finally, Cerity Partners LLC increased its holdings in New York Times by 70.2% in the 2nd quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock worth $3,103,000 after purchasing an additional 22,853 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

New York Times News Roundup

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

• Positive Sentiment: JPMorgan lifted its price target on The New York Times Company (NYSE: NYT) to $82 from $74 and maintained an Overweight rating, signaling continued confidence in the stock’s upside. Tickerreport.com
• Neutral Sentiment: NYT published a steady stream of journalism across politics, business, technology, health, world news, theater, and sports, including pieces on AI competition, U.S. inflation, and Middle East developments. These articles help drive audience engagement, but most are not immediate stock catalysts.
• Neutral Sentiment: The company’s recent earnings trend remains supportive in the background, with the last quarterly report showing better-than-expected EPS and revenue growth, which likely underpins analyst confidence.

New York Times Company Profile

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.