Analysts Set The New York Times Company (NYSE:NYT) Price Target at $68.43

The New York Times Company (NYSE:NYT) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $68.4286.

Several research analysts have recently weighed in on the company. Guggenheim set a $63.00 target price on New York Times and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Citigroup reduced their price objective on New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. UBS Group set a $62.00 price objective on New York Times in a research note on Thursday, November 6th. Morgan Stanley set a $68.00 target price on New York Times in a report on Thursday, December 18th. Finally, Evercore reiterated an “outperform” rating on shares of New York Times in a report on Thursday, February 5th.

New York Times News Roundup

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

• Positive Sentiment: Management presented at the Morgan Stanley Technology, Media & Telecom conference this week, providing an investor update that typically reassures the market about subscription momentum and digital strategy. Read More.
• Positive Sentiment: Ongoing, live coverage of the Iran conflict is driving large-scale engagement — real-time reporting and live updates generally boost pageviews and subscriptions during major breaking-news events. Read More.
• Positive Sentiment: Energy-market reporting highlights an oil and natural-gas rally amid the conflict; this kind of market-moving coverage can increase premium readership and institutional/newsroom demand for timely analysis. Read More.
• Neutral Sentiment: Feature and analysis pieces (politics, law, health, arts and sports) published today add breadth to the paper’s offerings but are standard content drivers rather than discrete catalysts for the stock. Example: legal explainer on targeted killings. Read More.
• Neutral Sentiment: Business/finance coverage that attracts specialized audiences: a recent piece on Berkshire Hathaway’s final-quarter moves may draw finance readers but is not company-specific. Read More.
• Neutral Sentiment: Audience-engagement initiatives (calls for readers affected by immigration policy, local reporting) support subscriber growth over time but are incremental. Read More.

New York Times Stock Up 1.2%

New York Times stock opened at $81.37 on Friday. The company has a fifty day simple moving average of $72.45 and a 200-day simple moving average of $64.70. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 2.49 and a beta of 1.09. New York Times has a 52-week low of $44.83 and a 52-week high of $81.49.

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

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. This is a boost from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. New York Times’s payout ratio is presently 34.45%.

Insider Buying and Selling at New York Times

In other news, CAO R Anthony Benten sold 1,913 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total value of $140,739.41. Following the completion of the sale, the chief accounting officer owned 37,772 shares of the company’s stock, valued at $2,778,886.04. This represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in New York Times by 9.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,125 shares of the company’s stock worth $217,000 after acquiring an additional 274 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of New York Times by 58.8% during the 4th quarter. Pacer Advisors Inc. now owns 43,351 shares of the company’s stock worth $3,009,000 after purchasing an additional 16,046 shares during the period. Kera Capital Partners Inc. purchased a new position in shares of New York Times during the 4th quarter worth $262,000. Compound Planning Inc. increased its position in shares of New York Times by 20.5% during the 4th quarter. Compound Planning Inc. now owns 4,688 shares of the company’s stock worth $325,000 after purchasing an additional 798 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in New York Times by 10.5% in the 4th quarter. Corient Private Wealth LLC now owns 24,973 shares of the company’s stock valued at $1,734,000 after buying an additional 2,376 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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.