why The New York Times Company [NYT] is a Good Choice for Investors After New Price Target of $50.06

The New York Times Company [NYSE: NYT] slipped around -2.57 points on Monday, while shares priced at $49.20 at the close of the session, down -4.96%. The company report on December 19, 2020 that Arthur Golden to Join The New York Times Company Board of Directors.

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The New York Times Company announced that Arthur Golden has been appointed to its Board of Directors, effective January 1, 2021.

Mr. Golden, 64, a fourth-generation member of the Ochs Sulzberger family, is a best-selling author.

Compared to the average trading volume of 1.93M shares, NYT reached a trading volume of 2025150 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The New York Times Company [NYT]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NYT shares is $50.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NYT stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for The New York Times Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 09, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on October 14, 2020, representing the official price target for The New York Times Company stock. Previously, the target price had yet another raise to $59, while Wolfe Research analysts kept a Outperform rating on NYT stock.

The Average True Range (ATR) for The New York Times Company is set at 1.27, with the Price to Sales ratio for NYT stock in the period of the last 12 months amounting to 4.60. The Price to Book ratio for the last quarter was 6.55, with the Price to Cash per share for the same quarter was set at 3.15. Price to Free Cash Flow for NYT in the course of the last twelve months was 41.68 with Quick ratio for the last quarter at 1.70.

How has NYT stock performed recently?

The New York Times Company [NYT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.19. With this latest performance, NYT shares gained by 8.92% in over the last four-week period, additionally plugging by 15.28% over the last 6 months – not to mention a rise of 50.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NYT stock in for the last two-week period is set at 54.46, with the RSI for the last a single of trading hit 46.60, and the three-weeks RSI is set at 57.21 for The New York Times Company [NYT]. The present Moving Average for the last 50 days of trading for this stock 44.56, while it was recorded at 51.14 for the last single week of trading, and 41.19 for the last 200 days.

The New York Times Company [NYT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The New York Times Company [NYT] shares currently have an operating margin of +10.02 and a Gross Margin at +57.67. The New York Times Company’s Net Margin is presently recorded at +7.72.

Return on Total Capital for NYT is now 14.33, given the latest momentum, and Return on Invested Capital for the company is 12.34. Return on Equity for this stock inclined to 12.65, with Return on Assets sitting at 6.53. When it comes to the capital structure of this company, The New York Times Company [NYT] has a Total Debt to Total Equity ratio set at 5.37. Additionally, NYT Total Debt to Total Capital is recorded at 5.10, with Total Debt to Total Assets ending up at 3.02. Long-Term Debt to Equity for the company is recorded at 4.70, with the Long-Term Debt to Total Capital now at 4.46.

Reflecting on the efficiency of the workforce at the company, The New York Times Company [NYT] managed to generate an average of $31,104 per employee. Receivables Turnover for the company is 8.25 with a Total Asset Turnover recorded at a value of 0.85.The New York Times Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Earnings analysis for The New York Times Company [NYT]

With the latest financial reports released by the company, The New York Times Company posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 48.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NYT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The New York Times Company go to 20.60%.

Insider trade positions for The New York Times Company [NYT]

There are presently around $8,273 million, or 95.10% of NYT stock, in the hands of institutional investors. The top three institutional holders of NYT stocks are: VANGUARD GROUP INC with ownership of 13,497,313, which is approximately -6.617% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 12,214,911 shares of the stock with an approximate value of $632.37 million in NYT stocks shares; and DARSANA CAPITAL PARTNERS LP, currently with $465.93 million in NYT stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in The New York Times Company stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 157 institutional holders increased their position in The New York Times Company [NYSE:NYT] by around 15,003,862 shares. Additionally, 146 investors decreased positions by around 14,486,152 shares, while 69 investors held positions by with 130,311,983 shares. The mentioned changes placed institutional holdings at 159,801,997 shares, according to the latest SEC report filing. NYT stock had 51 new institutional investments in for a total of 1,977,866 shares, while 29 institutional investors sold positions of 4,708,241 shares during the same period.

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