Impact of Brokerage Rating on New York Times Company (The)(NYT)

Many New York Times Company (The)(NYT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. New York Times Co was Initiated by Singular Research on Feb 9, 2017 to Sell, Price Target of the shares are set at $7.80.

Company has reported several Insider transactions to the SEC, on Aug 29, 2016, Levien Meredith A. Kopit (EVP & Chief Revenue Officer) sold 26,728 shares at 13.06 per share price.On Aug 22, 2016, Kenneth A Richieri (EVP & GENERAL COUNSEL) sold 24,942 shares at 12.95 per share price.On Aug 4, 2016, Steven B. Green (director) sold 70,000 shares at 12.76 per share price.

New York Times Co Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.24. The company had revenue of $439.70 million for the quarter, compared to analysts expectations of $437.00 million. The companys revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.

New York Times Company (The) (NYSE:NYT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 3 Brokerage Firm. 3 Brokerage Firms have advised hold.

New York Times Company (The) (NYSE:NYT) should head towards $13.67 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $12 per share. The higher price estimate target is at $15 according to the Analysts.

New York Times Company (The) (NYSE:NYT) witnessed a decline in the market cap on Tuesday as its shares dropped 2.46% or 0.4 points. After the session commenced at $16.1, the stock reached the higher end at $16.2 while it hit a low of $15.85. With the volume soaring to 938,611 shares, the last trade was called at $15.85. The company has a 52-week high of $16.35. The company has a market cap of $2,553 million and there are 161,092,860 shares in outstanding. The 52-week low of the share price is $10.6.

New York Times Company is a diversified media company including newspapers, television and radio stations, magazines, electronic information and publishing, Internet businesses, and forest products investments. The Company currently classifies its businesses into the following segments: Newspapers, Broadcasting, Magazines, and Forest Product Investments and Other Joing Ventures.


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