New York Times (NYSE:NYT) Price Target Raised to $75.00

New York Times (NYSE:NYT) had its price target increased by Evercore from $69.00 to $75.00 in a research report report published on Thursday morning, Marketbeat reports. Evercore currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays upped their price objective on New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. upped their price target on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. Morgan Stanley set a $68.00 price objective on shares of New York Times in a report on Thursday, December 18th. Finally, UBS Group set a $62.00 target price on shares of New York Times in a report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average target price of $68.43.

New York Times Price Performance

NYT opened at $68.07 on Thursday. New York Times has a fifty-two week low of $44.83 and a fifty-two week high of $74.04. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. The firm has a 50 day simple moving average of $69.69 and a 200 day simple moving average of $62.29.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 21.02%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. As a group, analysts expect that New York Times will post 2.08 EPS for the current year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. New York Times’s payout ratio is presently 35.12%.

Institutional Investors Weigh In On New York Times

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jackson Thornton Wealth Management LLC boosted its stake in New York Times by 3.5% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock worth $302,000 after purchasing an additional 148 shares during the period. Figure 8 Investment Strategies LLC lifted its holdings in shares of New York Times by 1.7% in the third quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after purchasing an additional 185 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the period. WPG Advisers LLC grew its holdings in shares of New York Times by 15.1% during the fourth quarter. WPG Advisers LLC now owns 1,531 shares of the company’s stock worth $106,000 after buying an additional 201 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in New York Times by 1.4% in the 4th quarter. Evergreen Capital Management LLC now owns 14,897 shares of the company’s stock valued at $1,034,000 after buying an additional 201 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Q4 earnings showed continued digital momentum: revenue rose ~10.4%, digital subscriptions, ARPU and advertising strength lifted results and free cash flow was reported at $550.5M — a key fundamental positive for recurring-revenue growth. The New York Times’ Q4 Earnings Beat Highlights Digital Momentum
• Positive Sentiment: The board raised the quarterly dividend to $0.23 (a ~27.8% increase versus prior), which boosts income appeal and signals management confidence in cash flow.
• Positive Sentiment: Evercore ISI raised its price target to $75 and kept an outperform rating — a vote of confidence that implies meaningful upside from current levels. New York Times (NYSE:NYT) Price Target Raised to $75.00 at Evercore ISI
• Positive Sentiment: J.P. Morgan raised its target to $74 and carries an overweight rating, adding institutional validation for the stock’s growth thesis. New York Times (NYSE:NYT) Price Target Raised to $74.00 at JPMorgan Chase & Co.
• Neutral Sentiment: Analyst/commentary pieces highlight NYT as a long-term growth stock based on digital subscription trends; helpful for sentiment but not an immediate catalyst. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: High-profile content (Olympics coverage and other major stories) can lift traffic and engagement intermittently, but the immediate stock effect is uncertain. Example Olympic coverage: USA women’s hockey / norovirus story. USA downs Czech Republic on Day 1 of Olympic women’s hockey headlined by norovirus outbreak
• Negative Sentiment: Despite the positive newsflow, shares are lower today — likely reflecting near-term profit-taking after recent gains, a relatively high P/E (~32.6) and limited immediate upside for traders who had already priced in the beat and analyst raises. Investors should watch upcoming subscription trends and guidance for confirmation of sustained digital growth.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.