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

The New York Times Company (NYSE:NYT) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $82.3333.

A number of research firms have weighed in on NYT. UBS Group set a $75.00 target price on New York Times in a research report on Tuesday, August 18th. Citigroup reissued a “neutral” rating on shares of New York Times in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Friday, July 17th. Finally, Barclays cut their target price on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th.

Key New York Times News

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

New York Times Trading Up 5.2%

Shares of NYSE:NYT opened at $70.37 on Tuesday. The firm’s 50 day moving average is $69.80 and its two-hundred day moving average is $75.10. The firm has a market capitalization of $11.35 billion, a P/E ratio of 29.32, a PEG ratio of 1.74 and a beta of 0.92. New York Times has a 52 week low of $54.10 and a 52 week high of $87.10.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC grew its holdings in 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 valued at $282,000 after purchasing an additional 135 shares during the period. Andina Capital Management LLC raised 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 valued at $612,000 after purchasing an additional 147 shares during the period. Bessemer Group Inc. lifted its holdings in New York Times by 34.4% during the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after purchasing an additional 176 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in New York Times by 1.4% during the 4th 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 in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in New York Times by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,816 shares of the company’s stock worth $654,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Company Profile

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.