The New York Times Company (NYSE:NYT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of The New York Times Company (NYSE:NYT) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $80.7778.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $95.00 target price on shares of New York Times in a research note on Thursday, May 7th. Barclays upped their target price on New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Evercore reaffirmed an “outperform” rating and issued a $92.00 target price on shares of New York Times in a research note on Thursday, May 7th. Finally, Citigroup upped their target price on New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th.

Insider Activity at New York Times

In related news, EVP William Bardeen sold 4,121 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. This represents a 22.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 39,121 shares of company stock valued at $3,087,990. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. RBF Capital LLC purchased a new position in shares of New York Times during the 1st quarter worth $209,000. Janus Henderson Group PLC lifted its stake in shares of New York Times by 30.3% during the 1st quarter. Janus Henderson Group PLC now owns 761,118 shares of the company’s stock worth $63,740,000 after purchasing an additional 177,045 shares during the period. Cim LLC purchased a new position in shares of New York Times during the 1st quarter worth $3,915,000. Bull Harbor Capital LLC purchased a new position in shares of New York Times during the 1st quarter worth $1,371,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of New York Times by 35.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,243 shares of the company’s stock worth $858,000 after purchasing an additional 2,687 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Price Performance

NYSE NYT opened at $75.27 on Wednesday. New York Times has a 1-year low of $51.03 and a 1-year high of $87.10. The company has a market capitalization of $12.18 billion, a P/E ratio of 32.31, a PEG ratio of 1.60 and a beta of 0.98. The business has a 50 day moving average price of $80.58 and a 200 day moving average price of $73.27.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. During the same period last year, the business posted $0.41 EPS. New York Times’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that New York Times will post 2.9 earnings per share for the current fiscal year.

New York Times News Summary

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

• Positive Sentiment: NYT’s management presented at J.P. Morgan’s Global Technology, Media and Communications Conference, which can help reassure investors about the company’s strategy, advertising/subscription trends, and outlook. The New York Times Company (NYT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: The company continued publishing a steady stream of high-profile news and political coverage, including articles on U.S. politics, the World Cup, Greenland, and the Long Island Rail Road strike. These items support NYT’s core traffic and engagement, but they are not direct financial catalysts. Long Island Rail Road Service Slowly Resumes After Strike Ends
• Neutral Sentiment: A separate market article mentioned NYT in the context of Berkshire Hathaway portfolio changes, but this appears to be commentary on the stock rather than a new company development. Willing and Abel: Berkshire’s New CEO Makes Huge Portfolio Changes in Q1 (NYT)
• Negative Sentiment: There was no major negative earnings or guidance news in the provided items, but the stock’s decline may reflect profit-taking or rotation away from the media sector after recent gains.

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.