The New York Times Company (NYSE:NYT – Get Rating) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.93.
A number of equities analysts have issued reports on NYT shares. Morgan Stanley cut their target price on New York Times from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. StockNews.com initiated coverage on New York Times in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.
Insiders Place Their Bets
In other New York Times news, Director David S. Perpich sold 6,478 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $35.71, for a total value of $231,329.38. Following the sale, the director now directly owns 19,699 shares of the company’s stock, valued at $703,451.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On New York Times
New York Times Stock Down 0.3 %
Shares of NYT opened at $35.20 on Friday. The business’s 50 day moving average is $31.17 and its two-hundred day moving average is $31.29. New York Times has a 52-week low of $27.58 and a 52-week high of $48.61. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 34.18 and a beta of 0.96.
New York Times Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Monday, October 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, October 6th. New York Times’s dividend payout ratio is currently 34.95%.
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. It offers 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.
- Get a free copy of the StockNews.com research report on New York Times (NYT)
- Institutional Support for Analog Devices Remains High
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for New York Times Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times and related companies with MarketBeat.com's FREE daily email newsletter.