New York Times (NYSE:NYT) had its price target upped by research analysts at JPMorgan Chase & Co. to $32.00 in a report released on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 28.05% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut New York Times from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. ValuEngine cut New York Times from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. New York Times currently has an average rating of “Hold” and a consensus price target of $24.00.

NYSE NYT opened at $24.99 on Thursday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 1.30 and a beta of 1.54. New York Times has a twelve month low of $16.95 and a twelve month high of $26.85. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. New York Times had a return on equity of 15.00% and a net margin of 1.24%. The company had revenue of $414.60 million during the quarter, compared to analysts’ expectations of $411.25 million. During the same quarter in the prior year, the firm posted $0.18 EPS. New York Times’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts expect that New York Times will post 0.84 EPS for the current year.

In other New York Times news, COO Levien Meredith A. Kopit sold 8,354 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $22.76, for a total transaction of $190,137.04. Following the completion of the transaction, the chief operating officer now owns 45,389 shares of the company’s stock, valued at $1,033,053.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carso S.A. De C.V. Inversora sold 90,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $22.86, for a total value of $2,057,400.00. Following the transaction, the insider now directly owns 8,247,175 shares of the company’s stock, valued at approximately $188,530,420.50. The disclosure for this sale can be found here. Insiders have sold 591,416 shares of company stock valued at $14,508,229 in the last three months. Insiders own 5.20% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. increased its holdings in shares of New York Times by 10.9% in the second quarter. OppenheimerFunds Inc. now owns 23,282 shares of the company’s stock valued at $603,000 after purchasing an additional 2,289 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of New York Times by 2.7% in the second quarter. Arizona State Retirement System now owns 88,849 shares of the company’s stock valued at $2,301,000 after purchasing an additional 2,337 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of New York Times by 5.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,980 shares of the company’s stock valued at $1,294,000 after purchasing an additional 2,623 shares during the last quarter. Granite Investment Partners LLC increased its holdings in shares of New York Times by 0.5% in the second quarter. Granite Investment Partners LLC now owns 524,608 shares of the company’s stock valued at $13,587,000 after purchasing an additional 2,663 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of New York Times by 16.1% in the second quarter. Amalgamated Bank now owns 20,957 shares of the company’s stock valued at $543,000 after purchasing an additional 2,913 shares during the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

About New York Times

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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