The New York Times Company (NYSE:NYT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of The New York Times Company (NYSE:NYT) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $82.3333.

Several research analysts have recently weighed in on the company. Bank of America lowered their target price on New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of New York Times in a research note on Wednesday, June 24th. UBS Group set a $75.00 price target on shares of New York Times in a research report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on New York Times from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Barclays cut their target price on New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th.

New York Times Stock Up 5.2%

Shares of New York Times stock opened at $70.37 on Tuesday. New York Times has a twelve month low of $54.10 and a twelve month high of $87.10. The company’s 50 day moving average is $69.80 and its 200 day moving average is $75.10. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $762.46 million for the quarter, compared to the consensus estimate of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. Sell-side analysts expect that New York Times will post 2.82 EPS for the current fiscal year.

Institutional Trading of New York Times

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NYT. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of New York Times by 4.2% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock worth $282,000 after buying an additional 135 shares during the period. Andina Capital Management LLC increased its stake in shares of New York Times by 1.7% during the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after purchasing an additional 147 shares in the last quarter. Bessemer Group Inc. lifted its holdings in New York Times by 34.4% in the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock valued at $58,000 after purchasing an additional 176 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of New York Times by 1.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,043 shares of the company’s stock worth $1,253,000 after purchasing an additional 247 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in New York Times by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 7,816 shares of the company’s stock valued at $654,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Key Stories Impacting New York Times

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

• Positive Sentiment: High-profile coverage of geopolitical tensions, oil-market risks, diesel prices, artificial intelligence and U.S. politics underscores the breadth of The New York Times’ global and premium news offering. This could support audience engagement and subscriptions, although the articles do not provide traffic or subscriber data. What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
• Positive Sentiment: Extensive coverage of the debate over slowing artificial-intelligence development may increase readership around one of the most consequential business and technology topics, including reporting on President Trump, Anthropic and Silicon Valley. President Trump Is on the Line About an A.I. Slowdown
• Neutral Sentiment: International reporting on the Middle East, Ukraine, Russia and energy markets could drive news interest, but it has no disclosed, direct impact on NYT financial results. Saudi Leader Meets U.S. Commander as Widening Conflict Threatens Oil Markets
• Neutral Sentiment: The launch of a new “60 Minutes” era under Bari Weiss highlights competition for attention in premium news and commentary, but there is no evidence yet of a material effect on NYT subscriptions or advertising. The Bari Weiss Era of ‘60 Minutes’ Begins

About New York Times

The New York Times Company is a media organization best known for publishing The New York Times, a global newspaper and digital news platform. Its coverage spans politics, business, technology, culture, science, health, sports and other subjects, and is distributed through print editions, NYTimes.com, mobile applications and other digital products.

The company generates revenue primarily from digital and print subscriptions, advertising, licensing and related commercial activities. Its subscription products include The New York Times, Games, Cooking and Wirecutter, while The Athletic provides digital sports journalism.