The New York Times Company (NYT) – What Are Brokerages Thinking About This Stock?

The New York Times Company (NYSE:NYT) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $82.70.

Several research analysts have recently commented on the company. Wall Street Zen lowered New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised New York Times from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Guggenheim upgraded New York Times from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $82.00 in a research report on Tuesday, September 15th. Zacks Research lowered New York Times from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley reduced their price objective on New York Times from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Sunday, October 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NYT. Bessemer Group Inc. lifted its position in shares of New York Times by 34.4% during the first quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after purchasing an additional 176 shares in the last quarter. Kaufman Rossin Wealth LLC grew its stake in shares of New York Times by 6.9% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,389 shares of the company’s stock valued at $216,000 after purchasing an additional 219 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of New York Times by 1.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,165 shares of the company’s stock valued at $1,201,000 after purchasing an additional 242 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of New York Times by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 7,816 shares of the company’s stock valued at $654,000 after purchasing an additional 249 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of New York Times by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 6,635 shares of the company’s stock valued at $556,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times News Roundup

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

• Positive Sentiment: Digital subscriptions and advertising are expected to support Q3 growth, according to an earnings preview. Assessing The New York Times Company Ahead of Q3 Earnings Release
• Neutral Sentiment: The Times sued Brave, alleging the browser scraped its copyrighted content and distributed it to AI companies. The case could help protect the company’s content and licensing interests, but litigation outcomes and costs are uncertain. New York Times and other outlets sue web browser Brave over alleged content scraping
• Negative Sentiment: The earnings preview also flags rising costs and weakness in print, which could temper gains from digital subscriptions and advertising and make Q3 results and guidance important catalysts. Assessing The New York Times Company Ahead of Q3 Earnings Release

New York Times Trading Down 3.6%

Shares of New York Times stock opened at $67.45 on Wednesday. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.81 and a beta of 0.89. New York Times has a 1-year low of $57.20 and a 1-year high of $87.10. The firm’s 50-day moving average price is $67.37 and its two-hundred day moving average price is $73.31.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The company had revenue of $762.46 million during the quarter, compared to analyst estimates of $752.01 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts predict that New York Times will post 2.83 EPS for the current year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, October 7th. New York Times’s payout ratio is currently 38.33%.

New York Times Company Profile

The New York Times Company (NYSE: NYT) is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.

In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.