New York Times (NYSE:NYT) Raised to Strong-Buy at Zacks Research

New York Times (NYSE:NYT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Evercore reissued an “outperform” rating and set a $92.00 price target on shares of New York Times in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 29th. UBS Group set a $80.00 price objective on New York Times in a report on Wednesday, June 24th. Guggenheim upped their price objective on shares of New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $95.00 target price on shares of New York Times in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.22.

New York Times Stock Performance

Shares of NYSE NYT opened at $72.97 on Monday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.55 and a beta of 0.96. The stock has a 50 day moving average price of $74.50 and a 200 day moving average price of $75.86. New York Times has a 52-week low of $51.03 and a 52-week high of $87.10.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.12. The company had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.New York Times’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Analysts forecast that New York Times will post 2.93 earnings per share for the current year.

Insider Transactions at New York Times

In related news, EVP William Bardeen sold 4,121 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total transaction of $320,819.85. Following the completion of the sale, the executive vice president directly owned 14,560 shares in the company, valued at $1,133,496. This represents a 22.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This trade represents a 24.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 17,121 shares of company stock valued at $1,310,920. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On New York Times

A number of large investors have recently added to or reduced their stakes in NYT. Wealth Enhancement Advisory Services LLC lifted its position in New York Times by 28.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 94,748 shares of the company’s stock valued at $6,565,000 after acquiring an additional 21,228 shares during the last quarter. Genus Capital Management Inc. acquired a new stake in New York Times in the fourth quarter valued at approximately $4,945,000. Horizon Investments LLC grew its holdings in New York Times by 52.8% in the fourth quarter. Horizon Investments LLC now owns 97,772 shares of the company’s stock worth $6,770,000 after purchasing an additional 33,804 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in New York Times by 64.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,464 shares of the company’s stock worth $2,115,000 after purchasing an additional 11,896 shares during the last quarter. Finally, UBS Group AG increased its position in shares of New York Times by 328.8% during the fourth quarter. UBS Group AG now owns 525,124 shares of the company’s stock worth $36,454,000 after purchasing an additional 402,660 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

More New York Times News

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

• Positive Sentiment: Zacks singled out NYT as a low-beta defensive stock that could attract investors seeking stability during periods of geopolitical तनाव and market volatility. 4 Low-Beta Defensive Stocks to Buy as Geopolitical Tensions Escalate
• Positive Sentiment: An Invezz commentary said The New York Times Company (NYT) is not “failing” and suggested the stock may surge after its recent pullback, reinforcing a bullish case among some traders. New York Times is not “failing”: Here’s why its stock may surge soon
• Neutral Sentiment: Several recent New York Times headlines focused on politics, immigration, and global events, including Trump-related legal and policy coverage, which may support traffic but do not clearly signal an immediate earnings impact.
• Negative Sentiment: Broader market commentary noted NYT has retreated from its recent highs, reflecting profit-taking and a weak short-term price trend that may still weigh on the shares.

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.