The New York Times Company (NYSE:NYT) Receives $65.71 Average Target Price from Brokerages

The New York Times Company (NYSE:NYT) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $65.7143.

Several research analysts have issued reports on NYT shares. Evercore ISI reaffirmed an “outperform” rating on shares of New York Times in a report on Thursday, November 6th. UBS Group set a $62.00 price objective on New York Times in a research report on Thursday, November 6th. JPMorgan Chase & Co. increased their target price on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research note on Wednesday, October 8th. Finally, Citigroup upped their price target on New York Times from $72.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd.

Institutional Trading of New York Times

Large investors have recently made changes to their positions in the stock. Figure 8 Investment Strategies LLC lifted its position in New York Times by 1.7% during the third quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after purchasing an additional 185 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of New York Times by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,809 shares of the company’s stock valued at $620,000 after buying an additional 207 shares during the period. MAI Capital Management boosted its stake in shares of New York Times by 7.2% in the 2nd quarter. MAI Capital Management now owns 3,516 shares of the company’s stock worth $197,000 after buying an additional 236 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of New York Times by 3.5% in the 2nd quarter. ProShare Advisors LLC now owns 7,195 shares of the company’s stock worth $403,000 after buying an additional 243 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 245 shares during the period. 95.37% of the stock is currently owned by institutional investors.

Key New York Times News

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

• Positive Sentiment: High-profile media-defense piece frames recent controversies as a wider argument for the value of independent journalism, which can strengthen brand trust and support subscription retention and growth. The Liam Coen-Lynn Jones moment, the backlash and why journalism is still worth defending
• Positive Sentiment: Ongoing, high-interest political coverage (Congress vs. executive power on Venezuela) is the kind of reporting that drives pageviews and subscription sign-ups during election cycles and politically charged periods. Republicans Move to Block Effort to Check Trump’s Power in Venezuela
• Positive Sentiment: Deep international investigative/feature reporting on Venezuela’s long-term problems is the sort of long-form journalism that attracts and retains premium subscribers. Venezuela Suffers From a Century-Long Curse. Will the U.S. Inherit It?
• Neutral Sentiment: Coverage of U.S. foreign policy and security moves (personnel shifts at a Gulf air base amid Iran tensions) can increase readership but has an unclear, short-term revenue impact for NYT. U.S. Moves Some Personnel From Key Air Base as Tensions Mount With Iran
• Negative Sentiment: Macro data coverage (inflation/CPI) highlights a steady inflation backdrop that keeps the Fed’s rate path uncertain — a higher-rate environment can pressure digital ad spending and overall ad revenue, a potential headwind for NYT’s advertising business even as subscriptions remain resilient. Inflation Steady as Fed Considers Rate Path

New York Times Trading Up 0.6%

NYSE NYT opened at $71.71 on Thursday. New York Times has a 12 month low of $44.83 and a 12 month high of $72.15. The stock’s fifty day moving average price is $67.01 and its 200-day moving average price is $60.39. The stock has a market cap of $11.64 billion, a P/E ratio of 34.98, a P/E/G ratio of 1.55 and a beta of 1.12.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $692.01 million. During the same quarter in the previous year, the firm earned $0.45 EPS. New York Times’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts forecast that New York Times will post 2.08 earnings per share for the current fiscal year.

New York Times Announces Dividend

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

About New York Times

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.