New York Times Co. [NYT] stock is trading at $43.54, up 0.05%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NYT shares have gain 0.65% over the last week, with a monthly amount drifted -1.11%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, The New York Times Company’s President and Chief Executive Officer Meredith Kopit Levien to Participate in the Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, The New York Times Company (NYSE: NYT) announced today that it will participate in the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, in San Francisco.
From an analyst’s perspective:
New York Times Co. [NYSE: NYT] stock has seen the most recent analyst activity on March 12, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $52. Previously, Argus upgraded its rating to Buy on March 04, 2024, and kept the price target unchanged to $51. On February 09, 2023, upgrade upgraded it’s rating to Equal Weight and revised its price target to $36 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $37 on December 16, 2022. Wolfe Research downgraded its rating to a Peer Perform. In a note dated November 09, 2020, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $45 to $48.
New York Times Co. [NYT] stock has fluctuated between $35.06 and $49.87 over the past year. Currently, Wall Street analysts expect the stock to reach $34.75 within the next 12 months. New York Times Co. [NYSE: NYT] shares were valued at $43.54 at the most recent close of the market. An investor can expect a potential drop of -20.19% based on the average NYT price forecast.
Analyzing the NYT fundamentals
New York Times Co. [NYSE:NYT] reported sales of 2.43B for the trailing twelve months, which represents a growth of 1.30%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.14 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.07 points at the first support level, and at 42.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.81, and for the 2nd resistance point, it is at 44.08.
New York Times Co. [NYT] reported earnings per share of $0.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.58/share, meaning a difference of $0.12 and a surprise factor of 20.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.37 per share as compared to estimates of $0.29 per share, a difference of $0.08 representing a surprise of 27.60%.
Ratios To Look Out For
For context, New York Times Co.’s Current Ratio is 1.28. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 4.06 and price to earnings (TTM) ratio is 31.02.
Transactions by insiders
Recent insider trading involved Brayton Diane, EVP, GENERAL COUNSEL, that happened on Feb 22 ’24 when 7000.0 shares were sold. PRESIDENT & CEO, KOPIT LEVIEN MEREDITH A. completed a deal on Feb 16 ’24 to sell 13543.0 shares. Meanwhile, Director Perpich David S. sold 3014.0 shares on Feb 14 ’24.
