The New York Times Company (NYSE:NYT) Receives Average Rating of “Hold” from Analysts

Shares of The New York Times Company (NYSE:NYT) have received a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.00.

A number of equities analysts have weighed in on NYT shares. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Morgan Stanley lowered their price target on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Guggenheim raised their price objective on shares of New York Times from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in shares of New York Times by 228.3% in the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock worth $132,040,000 after acquiring an additional 1,764,078 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of New York Times by 210.7% during the first quarter. Allianz Asset Management GmbH now owns 1,609,513 shares of the company’s stock worth $79,832,000 after buying an additional 1,091,430 shares during the period. Squarepoint Ops LLC grew its stake in shares of New York Times by 210.5% in the fourth quarter. Squarepoint Ops LLC now owns 1,382,695 shares of the company’s stock valued at $71,969,000 after buying an additional 937,354 shares in the last quarter. Millennium Management LLC raised its holdings in shares of New York Times by 133.6% in the 4th quarter. Millennium Management LLC now owns 1,559,837 shares of the company’s stock valued at $81,190,000 after buying an additional 892,155 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in New York Times by 87.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,908,477 shares of the company’s stock worth $99,336,000 after acquiring an additional 891,249 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Up 1.9 %

New York Times stock opened at $53.61 on Friday. The company has a fifty day simple moving average of $49.38 and a 200-day simple moving average of $51.61. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.75 and a beta of 1.16. New York Times has a 52-week low of $44.83 and a 52-week high of $58.16.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $635.91 million during the quarter, compared to the consensus estimate of $634.99 million. New York Times had a net margin of 11.36% and a return on equity of 18.51%. New York Times’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts anticipate that New York Times will post 2.08 EPS for the current fiscal year.

New York Times Company Profile

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.