The New York Times Company (NYT) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus on New York Times, with five buy, five hold and one strong-buy rating. The average 12-month price target is $84.20, above the reported share price of $66.41.
• NYT reported quarterly earnings of $0.69 per share and revenue of $762.46 million, exceeding estimates, while revenue increased 11.2% year over year. The company also declared a quarterly dividend of $0.23 per share, representing a 1.4% yield.
• Institutional ownership is high at 95.37%, with Berkshire Hathaway, Giverny Capital and other major investors establishing or increasing positions. Shares remain below their 200-day moving average and well below the 52-week high of $87.10.

The New York Times Company (NYSE:NYT - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $84.20.

NYT has been the subject of a number of research reports. UBS Group set a $82.00 price objective on New York Times in a report on Tuesday, September 15th. Bank of America decreased their price target on shares of New York Times from $87.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, June 24th. Weiss Ratings raised shares of New York Times from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Barclays reduced their target price on shares of New York Times from $66.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, August 6th. Finally, Guggenheim raised shares of New York Times from a "neutral" rating to a "buy" rating and raised their target price for the company from $70.00 to $82.00 in a research report on Tuesday, September 15th.

More New York Times News

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

• Positive Sentiment: The Athletic continues to provide a broad stream of premium sports content. Coverage includes Manchester City’s financial-scandal fallout, NFL and NBA features, MLB playoff analysis, college football, Formula 1 and WNBA updates. The volume and variety may support engagement, subscriptions and the strategic value of NYT’s sports offering. Manchester City’s case is another bill fans never agreed to pay
• Positive Sentiment: Breaking-news and live coverage reinforce the breadth of the NYT platform. Reports on the Riyadh airport attack, the Nobel Peace Prize and France’s protests demonstrate continued global-news reach, which can help attract and retain paying digital readers. Houthi Attacks on Riyadh Airport Leave 3 Dead, Saudi Arabia Says
• Neutral Sentiment: Most of the remaining articles are regular editorial output rather than investor catalysts. Culture, lifestyle, music, movie reviews, politics, health, international affairs and sports stories may influence readership over time, but they provide no disclosed update on NYT revenue, costs, subscribers or guidance. The Social Reckoning Review: Sounding the Alarm
• Negative Sentiment: The absence of a fresh financial catalyst leaves valuation and technical pressure in focus. With no new earnings announcement or company guidance in these reports, investors may continue weighing NYT’s valuation against slowing market momentum, helping explain why the shares have been trading below their longer-term average. NLCS predictions: Will the Dodgers-Brewers rematch have a different outcome?

Institutional Trading of New York Times

Hedge funds and other institutional investors have recently modified their holdings of the stock. Berkshire Hathaway Inc acquired a new position in New York Times during the fourth quarter valued at approximately $351,664,000. Giverny Capital Inc. acquired a new position in shares of New York Times during the 2nd quarter worth approximately $33,900,000. Renaissance Technologies LLC increased its position in shares of New York Times by 20.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,756,180 shares of the company's stock worth $230,775,000 after purchasing an additional 465,600 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in shares of New York Times during the 1st quarter worth approximately $25,207,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of New York Times by 30.3% in the 1st quarter. Janus Henderson Group PLC now owns 761,118 shares of the company's stock valued at $63,740,000 after buying an additional 177,045 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Stock Performance

Shares of NYSE:NYT opened at $66.41 on Friday. The company has a 50 day moving average price of $66.58 and a two-hundred day moving average price of $73.27. The company has a market capitalization of $10.71 billion, a PE ratio of 27.67, a PEG ratio of 1.72 and a beta of 0.93. New York Times has a 52 week low of $54.10 and a 52 week high of $87.10.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The company had revenue of $762.46 million for the quarter, compared to analysts' expectations of $752.01 million. During the same period last year, the firm posted $0.58 earnings per share. The business's quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that New York Times will post 2.84 earnings per share for the current year.

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, October 7th. New York Times's dividend payout ratio is currently 38.33%.

New York Times Company Profile

The New York Times Company is a media and information company best known for publishing The New York Times, a global news organization founded in 1851. The company produces journalism across national and international news, politics, business, culture, science, sports and opinion, distributing its content through digital platforms and the newspaper's print edition.

In addition to its core news business, the company offers a range of subscription products and services, including NYT Cooking, Games, Audio and Wirecutter, a product-recommendation service.

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