New York Times (NYSE:NYT) Price Target Raised to $74.00

New York Times (NYSE:NYT) had its price target boosted by JPMorgan Chase & Co. from $71.00 to $74.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also recently weighed in on NYT. Barclays boosted their price objective on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Citigroup decreased their price objective on shares of New York Times from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Thursday. Guggenheim set a $63.00 target price on New York Times and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. Finally, UBS Group set a $62.00 price objective on New York Times in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.43.

New York Times Price Performance

Shares of NYT stock opened at $68.07 on Thursday. The company has a market cap of $11.05 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. New York Times has a 1 year low of $44.83 and a 1 year high of $74.04. The stock’s 50 day simple moving average is $69.69 and its two-hundred day simple moving average is $62.29.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. New York Times had a return on equity of 21.02% and a net margin of 12.18%.The firm had revenue of $802.31 million during the quarter, compared to analysts’ expectations of $791.55 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts expect that New York Times will post 2.08 EPS for the current year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.23 per share. This is an increase from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, April 1st. New York Times’s payout ratio is 35.12%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Navalign LLC acquired a new stake in shares of New York Times in the 4th quarter worth $25,000. Employees Retirement System of Texas acquired a new stake in New York Times in the second quarter worth about $28,000. Hantz Financial Services Inc. boosted its holdings in New York Times by 4,591.7% in the second quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 551 shares in the last quarter. True Wealth Design LLC grew its stake in shares of New York Times by 519.6% during the second quarter. True Wealth Design LLC now owns 570 shares of the company’s stock worth $32,000 after acquiring an additional 478 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

More New York Times News

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

• Positive Sentiment: Q4 earnings showed continued digital momentum: revenue rose ~10.4%, digital subscriptions, ARPU and advertising strength lifted results and free cash flow was reported at $550.5M — a key fundamental positive for recurring-revenue growth. The New York Times’ Q4 Earnings Beat Highlights Digital Momentum
• Positive Sentiment: The board raised the quarterly dividend to $0.23 (a ~27.8% increase versus prior), which boosts income appeal and signals management confidence in cash flow.
• Positive Sentiment: Evercore ISI raised its price target to $75 and kept an outperform rating — a vote of confidence that implies meaningful upside from current levels. New York Times (NYSE:NYT) Price Target Raised to $75.00 at Evercore ISI
• Positive Sentiment: J.P. Morgan raised its target to $74 and carries an overweight rating, adding institutional validation for the stock’s growth thesis. New York Times (NYSE:NYT) Price Target Raised to $74.00 at JPMorgan Chase & Co.
• Neutral Sentiment: Analyst/commentary pieces highlight NYT as a long-term growth stock based on digital subscription trends; helpful for sentiment but not an immediate catalyst. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: High-profile content (Olympics coverage and other major stories) can lift traffic and engagement intermittently, but the immediate stock effect is uncertain. Example Olympic coverage: USA women’s hockey / norovirus story. USA downs Czech Republic on Day 1 of Olympic women’s hockey headlined by norovirus outbreak
• Negative Sentiment: Despite the positive newsflow, shares are lower today — likely reflecting near-term profit-taking after recent gains, a relatively high P/E (~32.6) and limited immediate upside for traders who had already priced in the beat and analyst raises. Investors should watch upcoming subscription trends and guidance for confirmation of sustained digital growth.

About New York Times

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.