Somewhat Negative Media Coverage Likely to Impact New York Times (NYT) Stock Price

Media stories about New York Times (NYSE:NYT) have trended somewhat negative this week, Alpha One reports. Alpha One, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New York Times earned a media sentiment score of -0.01 on Alpha One’s scale. Alpha One also gave news coverage about the company an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected AlphaOne’s analysis:

NYT has been the topic of a number of recent research reports. Jefferies Group LLC lifted their target price on New York Times to $12.00 and gave the company a “hold” rating in a research report on Friday, February 3rd. Singular Research started coverage on New York Times in a research report on Thursday, February 9th. They set a “sell” rating and a $7.80 price target on the stock. TheStreet raised New York Times from a “c+” rating to a “b” rating in a research report on Thursday, March 9th. Finally, Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, April 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. New York Times currently has an average rating of “Hold” and an average target price of $13.93.

Shares of New York Times (NYSE:NYT) opened at 17.25 on Monday. The stock’s 50 day moving average price is $15.83 and its 200-day moving average price is $14.33. New York Times has a 52-week low of $10.60 and a 52-week high of $17.50.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, May 3rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $398.80 million during the quarter, compared to the consensus estimate of $381.62 million. New York Times had a net margin of 1.87% and a return on equity of 11.87%. New York Times’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, analysts expect that New York Times will post $0.64 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was published by BBNS and is owned by of BBNS. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://baseballnewssource.com/markets/somewhat-critical-news-coverage-likely-to-impact-new-york-times-nyt-stock-price-updated-updated-updated/677961.html.

New York Times Company Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

Receive News & Ratings for New York Times Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Co and related companies with our FREE daily email newsletter.

 


Latest News

Zack Greinke Having Much Better Results This Season
Zack Greinke Having Much Better Results This Season
David Price and Red Sox to Meet Following Rehab Start
David Price and Red Sox to Meet Following Rehab Start
Lack of Offense Leading to Mediocrity for Boston Red Sox
Lack of Offense Leading to Mediocrity for Boston Red Sox
MLB and Facebook Announce Live Streaming for Games
MLB and Facebook Announce Live Streaming for Games
Can Anyway Stop the Houston Astros?
Can Anyway Stop the Houston Astros?
Kevin Pillar Turns from Defense to Offense
Kevin Pillar Turns from Defense to Offense


Leave a Reply

 
© 2006-2017 BBNS.