New York Times Company (The) (NYT) Given Consensus Rating of “Hold” by Brokerages

Shares of New York Times Company (The) (NYSE:NYT) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.93.

Several brokerages have issued reports on NYT. Zacks Investment Research upgraded shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, November 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price target on shares of New York Times Company (The) in a research note on Monday, October 16th.

Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of New York Times Company (The) by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after buying an additional 673 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of New York Times Company (The) by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after buying an additional 429 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of New York Times Company (The) by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock worth $173,000 after buying an additional 1,452 shares during the period. Macquarie Group Ltd. bought a new stake in shares of New York Times Company (The) during the 3rd quarter worth about $192,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of New York Times Company (The) by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock worth $183,000 after buying an additional 180 shares during the period. 65.85% of the stock is owned by institutional investors and hedge funds.

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Shares of New York Times Company (NYSE:NYT) opened at $17.70 on Tuesday. New York Times Company has a twelve month low of $12.20 and a twelve month high of $20.15. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The company has a market cap of $2,862.07, a price-to-earnings ratio of 24.51 and a beta of 1.67.

New York Times Company (The) (NYSE:NYT) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. New York Times Company (The) had a net margin of 6.02% and a return on equity of 13.46%. The firm had revenue of $385.60 million for the quarter, compared to analyst estimates of $390.13 million. During the same period in the previous year, the business earned $0.06 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. analysts predict that New York Times Company will post 0.72 EPS for the current year.

About New York Times Company (The)

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

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