New York Times Company (NYSE:NYT) shares traded 2.67% up during most recent session to reach at the closing price of $27.66. The stock exchanged hands 2.64 Million shares versus average trading capacity of 2.28 Million shares, yielding a market cap of $4.64 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $28.2 within the next 52-weeks. The mean target projections are based on 5 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have New York Times Company (NYSE:NYT) high price target of $34 and with a conservative view have low price target of $18.
Barclays “Downgrades” New York Times Company (NYSE:NYT) in a research note issued to investors on 11/06/18 to Underweight with price target of $18.
Additionally on 4/30/18 JP Morgan “Upgrades” New York Times Company (NYSE:NYT) to Overweight and on 7/19/17 Barclays “Maintained” the stock to Equal-Weight at $16. Furthermore on 8/08/14 Benchmark “Maintained” the stock to Hold at $13.
On the other hand the company has Relative Strength Index (RSI 14) of 62.51 along with Average True Range (ATR 14) of 1.05, Consequently New York Times Company (NYSE:NYT)’s weekly and monthly volatility is 4.86%, 3.54% respectively. The company’s beta value is at 1.14.
In terms of Buy, Sell or Hold recommendations, New York Times Company (NYSE:NYT) has analysts’ mean recommendation of 2.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts New York Times Company (NYSE:NYT)’s minimum EPS for the current quarter is at $0.27 and can go high up to $0.38. The consensus mean EPS for the current quarter is at $0.31 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.39 earnings per share for the same quarter during last year.
Previously New York Times Company (NYSE:NYT) reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company posted an earnings surprise of 36.4%.
New York Times Company (NYSE:NYT)’s revenue estimates for the current quarter are $479.78 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $481.63 Million in contradiction of low revenue estimates of $478.8 Million. For the current year the company’s revenue estimates are $1.73 Billion compared to low analyst estimates of $1.73 Billion and high estimates of $1.74 Billion according to 5 number of analysts.
Currently New York Times Company (NYSE:NYT)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 91.7%. However the six-month change in the insider ownership was recorded -90.93%, as well as three-month change in the institutional ownership was recorded -1.53%.
New York Times Company (NYSE:NYT)’s trailing twelve month revenues are $1.73 Billion, whereas its price to sales ratio for the same period is 2.68. Its book value per share for the most recent quarter is $5.94 while its price to book ratio for the same period is 4.66, as for as the company’s cash per share for the most recent quarter is $3.16, however its price to cash per share ratio for the same period is 8.75. The stock has 5 year expected PEG ratio of 3.46 whereas its trailing twelve month P/E ratio is 55.77.