The New York Times Company (NYSE:NYT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The New York Times Company (NYSE:NYT) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research 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 issued ratings on the stock in the last year is $84.20.

A number of brokerages recently commented on NYT. Weiss Ratings lowered New York Times from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Bank of America decreased their price target on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. New Street Research set a $82.00 target price on shares of New York Times in a research note on Tuesday, September 15th. Finally, Zacks Research lowered shares of New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th.

Hedge Funds Weigh In On New York Times

A number of hedge funds have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC grew its position in New York Times by 1,191.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock valued at $26,000 after acquiring an additional 286 shares during the period. International Assets Investment Management LLC bought a new stake in New York Times during the fourth quarter worth about $32,000. SJS Investment Consulting Inc. increased its holdings in shares of New York Times by 313.9% during the first quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock worth $47,000 after buying an additional 430 shares in the last quarter. Steph & Co. acquired a new stake in shares of New York Times during the first quarter worth approximately $57,000. Finally, Bessemer Group Inc. raised its stake in shares of New York Times by 34.4% in the first quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock valued at $58,000 after acquiring an additional 176 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Stock Up 0.8%

Shares of NYT opened at $70.74 on Tuesday. The stock’s 50-day moving average price is $69.48 and its 200 day moving average price is $74.80. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.81 and a beta of 0.92. New York Times has a 12-month low of $54.10 and a 12-month high of $87.10.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The company had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. During the same quarter last year, the company earned $0.58 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that New York Times will post 2.84 EPS for the current year.

New York Times News Roundup

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

• Positive Sentiment: An analyst consensus report placed the average price target for NYT at $82.33, implying meaningful potential upside from the stock’s recent trading level. The target supports bullish sentiment, although it is not a new earnings forecast or company announcement. Analysts Set The New York Times Company Target Price at $82.33
• Neutral Sentiment: A high-profile lawsuit involving The New York Times has generated unusually heavy options activity. The trading suggests that investors expect substantial volatility as the legal dispute develops, but options positioning alone does not establish a clear direction for the shares. Historic lawsuit sparks flurry of option activity in NY Times stock
• Neutral Sentiment: Most of the other recent coverage concerns politics, sports, culture and international news published by NYT and The Athletic. These stories may support audience engagement and subscription value, but they provide no direct update on revenue, subscriber growth, earnings or guidance.
• Neutral Sentiment: Paramount’s reported clearance to acquire Warner Bros. and the mixed reaction to the agreement could affect the broader media competitive landscape. However, the transaction has no immediate, disclosed financial impact on The New York Times Company. Paramount Cleared to Buy Warner Bros.
• Negative Sentiment: The lawsuit remains a potential source of legal costs, reputational risk and investor uncertainty. As a result, the news could amplify short-term volatility even though no adverse financial judgment or operational impact was reported in the supplied coverage.

New York Times Company Profile

The New York Times Company is a media organization best known for publishing The New York Times, a global newspaper and digital news platform. Its coverage spans politics, business, technology, culture, science, health, sports and other subjects, and is distributed through print editions, NYTimes.com, mobile applications and other digital products.

The company generates revenue primarily from digital and print subscriptions, advertising, licensing and related commercial activities. Its subscription products include The New York Times, Games, Cooking and Wirecutter, while The Athletic provides digital sports journalism.