The New York Times Company (NYSE:NYT) Receives $65.71 Average Target Price from Brokerages

Shares of The New York Times Company (NYSE:NYT) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $65.7143.

A number of brokerages recently issued reports on NYT. JPMorgan Chase & Co. upped their price target on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. UBS Group set a $62.00 target price on shares of New York Times in a report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research note on Wednesday, October 8th. Morgan Stanley set a $68.00 price target on shares of New York Times in a research report on Thursday, December 18th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of New York Times in a report on Thursday, November 6th.

New York Times Trading Down 0.9%

Shares of NYT stock opened at $70.98 on Thursday. The company has a market cap of $11.52 billion, a P/E ratio of 34.62, a PEG ratio of 1.55 and a beta of 1.12. The firm has a fifty day moving average price of $66.19 and a 200 day moving average price of $60.06. New York Times has a 12 month low of $44.83 and a 12 month high of $71.90.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The company had revenue of $700.82 million during the quarter, compared to the consensus estimate of $692.01 million. During the same period in the previous year, the business earned $0.45 EPS. New York Times’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts forecast that New York Times will post 2.08 EPS for the current year.

New York Times Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, January 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, January 6th. New York Times’s dividend payout ratio (DPR) is currently 35.12%.

More New York Times News

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

• Positive Sentiment: Analysts maintain a favorable view — NYT has a consensus “moderate buy,” which supports demand and gives investors cover to hold or add. The New York Times Company (NYSE:NYT) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Momentum narrative: coverage noting NYT at a 52‑week high highlights positive price momentum and investor interest; analysts and momentum traders may keep buying on strength. The New York Times Company (NYT) Hits Fresh High: Is There Still Room to Run?
• Neutral Sentiment: Geopolitical/tail events that drive traffic: U.S. boarding of Venezuelan tankers and related Venezuela coverage can increase page views and subscriptions short term, supporting ad and subscription revenue, but these are event-driven and unpredictable. U.S. Boards Another Tanker Carrying Venezuelan Oil
• Neutral Sentiment: Big news and breaking coverage (Iran protests) typically boosts engagement and subscriber retention; good for NYT’s traffic but not a guaranteed earnings driver. Iran’s Supreme Leader Vows to ‘Not Back Down’ as Protests Swell
• Neutral Sentiment: Russia’s reported use of a nuclear-capable missile in Ukraine is high‑impact news that can drive sustained international readership and subscriptions, supporting revenue variability. Russia Says It Used Nuclear-Capable Missile to Strike Western Ukraine
• Neutral Sentiment: Economic coverage: NYT’s live jobs‑report updates and business reporting can attract engaged readers and subscribers interested in markets and the economy; positive for engagement but less direct near‑term impact on stock price. Live Updates: Jobs Report to Provide Insight on Murky Hiring Picture
• Neutral Sentiment: Opinion/brand presence: columnist Tom Friedman’s TV appearance raises NYT’s profile and can indirectly support subscriptions and influence. NYT’s Tom Friedman: Our oil companies need a legal structure in order to operate in Venezuela

Institutional Investors Weigh In On New York Times

Large investors have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in New York Times by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company’s stock valued at $273,796,000 after acquiring an additional 209,616 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of New York Times by 10.2% in the third quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company’s stock valued at $264,803,000 after purchasing an additional 425,401 shares during the period. Geode Capital Management LLC raised its stake in shares of New York Times by 1.2% during the second quarter. Geode Capital Management LLC now owns 3,826,905 shares of the company’s stock worth $214,257,000 after purchasing an additional 46,249 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of New York Times by 1.9% during the second quarter. Burgundy Asset Management Ltd. now owns 2,368,819 shares of the company’s stock worth $132,606,000 after purchasing an additional 43,595 shares during the period. Finally, Acadian Asset Management LLC grew its position in New York Times by 26.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,232,830 shares of the company’s stock valued at $124,973,000 after buying an additional 467,492 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.