The New York Times Company (NYSE:NYT) Receives $80.78 Consensus PT from Analysts

The New York Times Company (NYSE:NYT) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $80.7778.

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Tuesday, April 21st. Argus raised New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Guggenheim increased their price target on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

New York Times Stock Down 0.2%

Shares of NYSE:NYT opened at $74.36 on Wednesday. New York Times has a twelve month low of $51.03 and a twelve month high of $87.10. The stock’s 50 day moving average is $80.79 and its 200-day moving average is $73.00. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.56 and a beta of 0.98.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company had revenue of $712.24 million for the quarter, compared to analyst estimates of $699.93 million. During the same period in the prior year, the firm earned $0.41 earnings per share. New York Times’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts anticipate that New York Times will post 2.9 earnings per share for the current fiscal year.

New York Times News Summary

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

• Negative Sentiment: EVP William Bardeen sold 4,121 shares of NYT stock at an average price of $77.85, which investors may read as a mild negative signal even though insider sales can happen for many reasons. SEC insider transaction filing
• Positive Sentiment: Recent third-party coverage from Zacks called The New York Times Company a top long-term growth stock, reinforcing the bullish view that NYT’s subscription-driven digital model can keep compounding over time. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Positive Sentiment: MarketBeat highlighted Berkshire Hathaway’s long-running stake in NYT, which can support confidence in the stock’s long-term value and durability. How Berkshire’s New York Times Bet Looks Today
• Neutral Sentiment: The company’s recent headlines were mainly editorial in nature — politics, world news, business, and culture coverage — which may help engagement but do not directly change earnings expectations in the near term. Trump Touts ‘Fantastic Trade Deals’ With China, but Details Are Scarce

Insider Buying and Selling

In related news, EVP William Bardeen sold 4,121 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the sale, the executive vice president directly owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. This represents a 22.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.95, for a total value of $1,039,350.00. Following the completion of the sale, the chairman directly owned 172,338 shares of the company’s stock, valued at $13,778,423.10. The trade was a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 41,034 shares of company stock valued at $3,228,729. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On New York Times

A number of institutional investors and hedge funds have recently bought and sold shares of NYT. Berkshire Hathaway Inc purchased a new stake in New York Times in the 4th quarter valued at $351,664,000. Bank of Montreal Can grew its stake in New York Times by 10,018.3% in the 4th quarter. Bank of Montreal Can now owns 2,316,172 shares of the company’s stock valued at $160,789,000 after purchasing an additional 2,293,281 shares during the period. AQR Capital Management LLC grew its stake in New York Times by 78.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock valued at $233,265,000 after purchasing an additional 1,836,788 shares during the period. Egerton Capital UK LLP bought a new position in New York Times in the 4th quarter valued at $97,882,000. Finally, Two Sigma Investments LP grew its stake in New York Times by 98.5% in the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock valued at $117,993,000 after purchasing an additional 1,020,031 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Company Profile

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.