New York Times (NYSE:NYT – Get Rating) had its price target decreased by Evercore ISI from $50.00 to $40.00 in a research report report published on Tuesday, The Fly reports. Evercore ISI currently has an outperform rating on the stock.
A number of other brokerages have also weighed in on NYT. Morgan Stanley cut their target price on shares of New York Times from $56.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, June 14th. StockNews.com started coverage on New York Times in a research report on Thursday, March 31st. They set a hold rating on the stock. TheStreet lowered New York Times from a b rating to a c rating in a research report on Monday, June 6th. Barclays lowered their target price on New York Times from $30.00 to $25.00 and set an underweight rating for the company in a research note on Tuesday, June 14th. Finally, JPMorgan Chase & Co. reduced their price target on New York Times from $54.00 to $41.00 in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $37.92.
NYT opened at $29.27 on Tuesday. New York Times has a one year low of $27.85 and a one year high of $56.19. The business has a 50 day simple moving average of $34.98 and a two-hundred day simple moving average of $40.98. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 27.10 and a beta of 0.90.
Institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in New York Times during the 1st quarter valued at approximately $939,000. Neuberger Berman Group LLC increased its holdings in shares of New York Times by 44.4% during the first quarter. Neuberger Berman Group LLC now owns 12,366 shares of the company’s stock valued at $567,000 after acquiring an additional 3,804 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of New York Times by 107.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 43,280 shares of the company’s stock worth $1,984,000 after purchasing an additional 22,434 shares during the last quarter. Virtu Financial LLC bought a new position in New York Times in the 1st quarter worth about $287,000. Finally, Quantbot Technologies LP bought a new position in New York Times in the 1st quarter worth about $821,000. Institutional investors own 90.76% of the company’s stock.
New York Times Company Profile (Get Rating)
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
- Get a free copy of the StockNews.com research report on New York Times (NYT)
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