New York Times (NYSE:NYT) Upgraded at Zacks Research

New York Times (NYSE:NYT) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $95.00 price objective on shares of New York Times in a report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research note on Thursday, May 7th. Guggenheim increased their target price on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley set a $90.00 price objective on shares of New York Times in a report on Thursday, May 7th. Finally, Citigroup restated a “neutral” rating on shares of New York Times in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given 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 $83.22.

New York Times Price Performance

NYSE:NYT opened at $72.97 on Monday. New York Times has a fifty-two week low of $51.03 and a fifty-two week high of $87.10. The stock’s 50-day moving average is $74.50 and its two-hundred day moving average is $75.86. The stock has a market cap of $11.81 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to analyst estimates of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts anticipate that New York Times will post 2.93 earnings per share for the current year.

Insider Transactions at New York Times

In other New York Times news, Director David S. Perpich sold 9,000 shares of New York Times stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the transaction, the director owned 28,469 shares in the company, valued at approximately $2,193,821.14. The trade was a 24.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the transaction, the executive vice president directly owned 14,560 shares in the company, valued at approximately $1,133,496. This represents a 22.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,121 shares of company stock valued at $1,310,920 in the last three months. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of New York Times

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC raised its holdings in shares of New York Times by 7.5% in the second quarter. Wedge Capital Management L L P NC now owns 478,416 shares of the company’s stock valued at $33,480,000 after buying an additional 33,552 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in New York Times by 174.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 28,981 shares of the company’s stock worth $2,028,000 after buying an additional 18,438 shares in the last quarter. Versant Capital Management Inc grew its holdings in New York Times by 940.4% during the 2nd quarter. Versant Capital Management Inc now owns 1,186 shares of the company’s stock worth $83,000 after acquiring an additional 1,072 shares during the last quarter. Basecamp Wealth Advisors LLC increased its position in New York Times by 1,191.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock valued at $26,000 after acquiring an additional 286 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in New York Times by 12.8% in the 1st quarter. Pacer Advisors Inc. now owns 48,909 shares of the company’s stock valued at $4,095,000 after acquiring an additional 5,558 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Zacks singled out NYT as a low-beta defensive stock that could attract investors seeking stability during periods of geopolitical तनाव and market volatility. 4 Low-Beta Defensive Stocks to Buy as Geopolitical Tensions Escalate
• Positive Sentiment: An Invezz commentary said The New York Times Company (NYT) is not “failing” and suggested the stock may surge after its recent pullback, reinforcing a bullish case among some traders. New York Times is not “failing”: Here’s why its stock may surge soon
• Neutral Sentiment: Several recent New York Times headlines focused on politics, immigration, and global events, including Trump-related legal and policy coverage, which may support traffic but do not clearly signal an immediate earnings impact.
• Negative Sentiment: Broader market commentary noted NYT has retreated from its recent highs, reflecting profit-taking and a weak short-term price trend that may still weigh on the shares.

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.