New York Times (NYSE:NYT) Stock Rating Upgraded by StockNews.com

New York Times (NYSE:NYT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other research firms have also weighed in on NYT. Deutsche Bank Aktiengesellschaft increased their target price on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley cut their target price on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

New York Times Price Performance

Shares of NYSE NYT opened at $49.74 on Thursday. The company’s 50 day simple moving average is $52.85 and its 200 day simple moving average is $53.89. New York Times has a fifty-two week low of $41.55 and a fifty-two week high of $58.16. The firm has a market capitalization of $8.15 billion, a P/E ratio of 27.94, a P/E/G ratio of 1.35 and a beta of 1.01.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. Sell-side analysts expect that New York Times will post 2.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Darsana Capital Partners LP grew its position in New York Times by 15.0% in the fourth quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company’s stock valued at $299,288,000 after purchasing an additional 750,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in New York Times by 497.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 703,731 shares of the company’s stock valued at $36,629,000 after purchasing an additional 585,871 shares in the last quarter. Freestone Grove Partners LP bought a new position in New York Times in the fourth quarter valued at $357,000. Voleon Capital Management LP bought a new position in New York Times in the fourth quarter valued at $541,000. Finally, Schonfeld Strategic Advisors LLC grew its position in New York Times by 11,158.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 467,236 shares of the company’s stock valued at $24,320,000 after purchasing an additional 463,086 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

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.