Time Inc. (NYSE:TIME) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Time from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, Morgan Stanley dropped their price target on Time from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.80.

Time (NYSE:TIME) opened at $16.40 on Thursday. Time has a 52 week low of $9.90 and a 52 week high of $20.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $1,610.00, a P/E ratio of 11.79, a P/E/G ratio of 2.39 and a beta of 0.67.

Time (NYSE:TIME) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Time had a positive return on equity of 7.53% and a negative net margin of 0.10%. The business had revenue of $679.00 million for the quarter, compared to the consensus estimate of $693.65 million. During the same period in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. analysts anticipate that Time will post 1.05 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.thecerbatgem.com/2017/11/18/time-inc-time-rating-increased-to-buy-at-valuengine.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Shell Asset Management Co. bought a new stake in Time during the 3rd quarter worth approximately $104,000. Shelton Capital Management bought a new stake in Time during the 2nd quarter worth approximately $144,000. Riverhead Capital Management LLC increased its holdings in Time by 84.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,343 shares of the company’s stock worth $148,000 after purchasing an additional 4,743 shares in the last quarter. Flinton Capital Management LLC increased its holdings in 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 bought a new position in shares of Time in the second quarter valued at approximately $156,000. 88.84% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for Time Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Inc. and related stocks with our FREE daily email newsletter.