The New York Times Company (NYSE:NYT) Receives $56.00 Average Target Price from Analysts

The New York Times Company (NYSE:NYT) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.00.

A number of brokerages have recently commented on NYT. Morgan Stanley lowered their target price on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Friday, April 11th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NYT. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in New York Times by 511.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock worth $25,000 after acquiring an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of New York Times during the fourth quarter worth about $36,000. UMB Bank n.a. raised its position in shares of New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares during the last quarter. American National Bank & Trust purchased a new position in New York Times in the 1st quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC boosted its holdings in New York Times by 27.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after buying an additional 247 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Trading Down 0.1 %

Shares of NYSE:NYT opened at $52.28 on Friday. New York Times has a twelve month low of $44.70 and a twelve month high of $58.16. The company’s 50 day moving average is $48.95 and its 200 day moving average is $51.62. The company has a market cap of $8.54 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. Equities research analysts predict that New York Times will post 2.08 earnings per share for the current fiscal year.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.