At the time of writing, New York Times Co. [NYT] stock is trading at $55.10, down -0.34%. 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 0.68% over the last week, with a monthly amount glided 5.19%, and 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 October 09, 2024, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $65. Previously, Citigroup started tracking the stock with Buy rating on March 12, 2024, and set its price target to $52. On March 04, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $51 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $36 on February 09, 2023. Morgan Stanley downgraded its rating to a Equal-Weight but $37 remained the price target by the analyst firm on December 16, 2022. Wolfe Research downgraded its rating to Peer Perform for this stock on December 06, 2021.
For the past year, the stock price of New York Times Co. fluctuated between $39.73 and $56.49. 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 $55.10 at the most recent close of the market. An investor can expect a potential drop of -20.71% based on the average NYT price forecast.
Analyzing the NYT fundamentals
According to New York Times Co. [NYSE:NYT], the company’s sales were 2.49B for trailing twelve months, which represents an 5.80% jump. 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 54.75 points at the first support level, and at 54.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.65, and for the 2nd resistance point, it is at 56.21.
Ratios To Look Out For
It is important to note that New York Times Co. [NYSE:NYT] has a current ratio of 1.32. Also, the Quick Ratio is 1.32, while the Cash Ratio stands at 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 33.87.
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.
