At the time of writing, New York Times Co. [NYT] stock is trading at $42.19, down -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 lost -3.06% over the last week, with a monthly amount drifted -3.26%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of New York Times Co. fluctuated between $35.06 and $49.87. 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 $42.19 at the most recent close of the market. An investor can expect a potential drop of -17.63% based on the average NYT price forecast.
Analyzing the NYT fundamentals
According to New York Times Co. [NYSE:NYT], the company’s sales were 2.43B for trailing twelve months, which represents an 1.30% jump. 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 41.88 points at the first support level, and at 41.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.52, and for the 2nd resistance point, it is at 42.84.
Ratios To Look Out For
It is important to note that New York Times Co. [NYSE:NYT] has a current ratio of 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 2.86, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 30.05.
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.
