JPMorgan Chase & Co. Raises New York Times (NYSE:NYT) Price Target to $82.00

New York Times (NYSE:NYT) had its target price boosted by analysts at JPMorgan Chase & Co. from $74.00 to $82.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.21% from the stock’s current price.

NYT has been the subject of several other research reports. Guggenheim raised their target price on shares of New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays increased their price objective on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research report on Tuesday, April 21st. Citigroup increased their price objective on New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, Evercore reiterated an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.67.

New York Times Price Performance

Shares of NYSE:NYT traded up $0.08 during trading on Friday, reaching $75.08. The company had a trading volume of 305,867 shares, compared to its average volume of 2,199,896. New York Times has a fifty-two week low of $51.03 and a fifty-two week high of $87.10. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.56 and a beta of 0.98. The stock’s fifty day moving average price is $79.94 and its 200 day moving average price is $74.09.

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

Insiders Place Their Bets

In other New York Times news, Chairman Arthur G. Sulzberger sold 13,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the completion of the transaction, the chairman owned 172,338 shares in the company, valued at approximately $13,778,423.10. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction 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 $2,193,821.14. This trade represents a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 39,121 shares of company stock worth $3,087,990. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On New York Times

Several hedge funds have recently added to or reduced their stakes in NYT. Empowered Funds LLC purchased a new position in New York Times during the 1st quarter valued at about $442,000. Focus Partners Wealth increased its holdings in New York Times by 52.2% during the 1st quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock valued at $577,000 after acquiring an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after acquiring an additional 739 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of New York Times during the second quarter valued at $306,000. Finally, Cerity Partners LLC boosted its stake in shares of New York Times by 70.2% during the second quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock valued at $3,103,000 after acquiring an additional 22,853 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times News Summary

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

• Positive Sentiment: The company continues to benefit from sustained interest in its core news coverage and The Athletic, with multiple high-profile articles published over the last 24–36 hours likely supporting subscription engagement and ad traffic. Prices in the U.S. Are Rising at the Fastest Pace in Years
• Positive Sentiment: Recent coverage spans major political, global, technology, and sports topics, including inflation, Middle East conflict, AI, and live sports updates, reinforcing The New York Times Company’s broad audience reach and diversified content mix. Anthropic Tops OpenAI to Become the World’s Most Valuable A.I. Start-Up
• Neutral Sentiment: The company’s own financial profile remains solid: it recently beat earnings expectations, posted year-over-year revenue growth, and maintained healthy margins, which likely continues to underpin investor confidence.
• Negative Sentiment: A report alleging The New York Times used AI to surveil unionized employees could renew scrutiny around labor practices and employee relations, potentially creating reputational and legal risk. New York Times accused of using AI to spy on unionized employees

New York Times Company Profile

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.