New York Times Co. [NYT] stock is trading at $55.16, up 0.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NYT shares have gain 1.10% over the last week, with a monthly amount drifted -0.27%, 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.
New York Times Co. [NYT] stock has fluctuated between $39.73 and $56.49 over the past year. Currently, Wall Street analysts expect the stock to reach $43.69 within the next 12 months. New York Times Co. [NYSE: NYT] shares were valued at $55.16 at the most recent close of the market. An investor can expect a potential drop of -20.79% based on the average NYT price forecast.
Analyzing the NYT fundamentals
New York Times Co. [NYSE:NYT] reported sales of 2.49B for the trailing twelve months, which represents a growth of 5.80%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.15 and Total Capital is 0.15.
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 54.76 points at the first support level, and at 54.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.39, and for the 2nd resistance point, it is at 55.62.
Ratios To Look Out For
For context, New York Times Co.’s Current Ratio is 1.32. As well, the Quick Ratio is 1.32, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 3.63, the price to book ratio is 5.02 and price to earnings (TTM) ratio is 33.91.
Transactions by insiders
Recent insider trading involved KOPIT LEVIEN MEREDITH A., PRESIDENT & CEO, that happened on Aug 12 ’24 when 18300.0 shares were sold. Chief Financial Officer, Bardeen William completed a deal on Aug 09 ’24 to sell 2000.0 shares. Meanwhile, Officer KOPIT LEVIEN MEREDITH A. bought 18300.0 shares on Aug 12 ’24.
