New York Times (NYSE: NYT) was upgraded by research analysts at EVA Dimensions to a “buy” rating in a report released on Thursday.
Shares of New York Times traded down 0.30% during mid-day trading on Thursday, hitting $9.96. New York Times has a 52 week low of $5.88 and a 52 week high of $11.07. The stock’s 50-day moving average is currently $9.11. The company has a market cap of $1.482 billion and a P/E ratio of 11.52.
New York Times last announced its earnings results on Thursday, February 7th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $575.80 million for the quarter, compared to the consensus estimate of $572.15 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that New York Times will post $0.46 earnings per share for the current fiscal year.
A number of other firms have also recently commented on NYT. Analysts at TheStreet upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note to investors on Monday, February 11th. Separately, analysts at Benchmark Co. reiterated a “hold” rating on shares of New York Times in a research note to investors on Friday, February 8th. They now have a $9.00 price target on the stock, up previously from $8.00. Finally, analysts at Lazard Capital Markets downgraded shares of New York Times from a “neutral” rating to a “sell” rating in a research note to investors on Monday, February 4th.
One research analyst has rated the stock with a buy rating, seven have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The company currently has an average rating of “hold” and an average price target of $9.08.
The New York Times Company is a diversified media company that includes newspapers, Internet businesses, investments in paper mills and other investments.
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