The New York Times Company (NYSE:NYT) Receives $56.00 Average PT from Analysts

Shares of The New York Times Company (NYSE:NYT - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $56.00.

Several research analysts recently commented on NYT shares. Wall Street Zen upgraded shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Morgan Stanley cut their price target on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Guggenheim raised their price target on shares of New York Times from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th.

Hedge Funds Weigh In On New York Times

A number of institutional investors have recently bought and sold shares of NYT. Baillie Gifford & Co. grew its stake in New York Times by 228.3% during the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company's stock valued at $132,040,000 after acquiring an additional 1,764,078 shares in the last quarter. Acadian Asset Management LLC grew its stake in New York Times by 383.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,765,338 shares of the company's stock valued at $87,538,000 after acquiring an additional 1,399,865 shares in the last quarter. AQR Capital Management LLC grew its stake in New York Times by 101.6% during the 1st quarter. AQR Capital Management LLC now owns 2,351,100 shares of the company's stock valued at $115,627,000 after acquiring an additional 1,184,729 shares in the last quarter. Allianz Asset Management GmbH grew its stake in New York Times by 210.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,609,513 shares of the company's stock valued at $79,832,000 after acquiring an additional 1,091,430 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in New York Times by 210.5% during the 4th quarter. Squarepoint Ops LLC now owns 1,382,695 shares of the company's stock valued at $71,969,000 after acquiring an additional 937,354 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

New York Times Stock Up 1.9%

Shares of NYT traded up $1.05 during trading hours on Wednesday, reaching $56.49. 2,603,814 shares of the company traded hands, compared to its average volume of 1,359,148. The stock has a market capitalization of $9.21 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. New York Times has a fifty-two week low of $44.83 and a fifty-two week high of $58.16. The stock has a fifty day simple moving average of $51.13 and a 200 day simple moving average of $51.61.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The business had revenue of $635.91 million for the quarter, compared to analyst estimates of $634.99 million. During the same quarter last year, the company earned $0.31 earnings per share. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts predict that New York Times will post 2.08 EPS for the current fiscal year.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.