The NY Times Co.(NYSE: NYT) received a “Buy” rating from the 8 firms that are responsible for covering it. One analyst has issued a rating of “sell” on the company’s stocks, two analysts have rated the company’s stocks as a “hold” and five analysts have issued a rating of “buy” on the company’s stocks. The average price objective for 12 months among the brokerages is $45.57 last year.
NYT stock has been a topic of many equities research reports. Morgan Stanley started coverage of the company’s stocks on October 14th, Wednesday. It has issued its ratings of “overweight” and set a target price of $55.00 on the company’s stocks. Zacks Research has cut its ratings on the company’s stocks from “strong-buy” to “hold” and issued a target price of $49.00 on the company’s stocks on October 6th, Tuesday.
Evercore ISI increased its ratings on the company’s stocks from “in-line” to “outperform” and raised the target price on the company’s stocks from $45.00 – $48.00 on November 9th, Monday. Lastly, Wolfe Research started coverage of the stock on August 27th, Thursday. It issued its rating of “outperform” and issued a target price of $59.00 on the company’s stocks.
NYT Stock Details
NYT stock opened on Monday at $48.97.The company has $26.13 as its twelve-month low and $52.40 as its twelve-month high. The firm has $8.19 billion in market capitalization, a 51.55 PE ratio, and a 0.80 beta. The company has $43.17 as its moving average for 50 days and $43.19 as its moving average for 200 days.
NYT along with the subsidiaries generates information and news for viewers and readers across numerous platforms worldwide. It provides The Times, the Sunday daily newspaper across the US. It also offers an international edition and version of the newspaper along with operating the website NYTimes.com.