The New York Times Company (NYSE:NYT) Stock Has Average Price Target of $84.20 According to Analysts

Shares of The New York Times Company (NYSE:NYT) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $82.70.

NYT has been the topic of several recent research reports. Weiss Ratings raised New York Times from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Barclays cut their price target on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. New Street Research set a $82.00 price target on New York Times in a research note on Tuesday, September 15th. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Guggenheim raised shares of New York Times from a “neutral” rating to a “buy” rating and increased their price objective for the company from $70.00 to $82.00 in a research report on Tuesday, September 15th.

New York Times News Summary

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

• Positive Sentiment: Wirecutter recognition supports its commerce business. Wirecutter gave top ratings to two CyberPower uninterruptible power supplies, which could help product-discovery traffic, affiliate conversions and the credibility of the New York Times’ expanding commerce operation. New York Times’ Wirecutter Gives Top Ratings to Two CyberPower UPS Systems
• Positive Sentiment: Broad, high-profile coverage may support audience engagement. Articles spanning artificial intelligence, politics, international affairs, sports and culture—including a feature on A.I. agents—highlight the breadth of NYT’s digital offering. While there is no disclosed subscriber or revenue impact, this type of coverage can support visits, retention and subscription value. What a Group of A.I. Agents Talked About as Their Humans Had a Dinner Party
• Neutral Sentiment: Most of the remaining headlines are editorial rather than financial. Political debates, Supreme Court cases, Ukraine, Pope Leo XIV’s health, entertainment and sports coverage may generate traffic, but the articles do not provide new guidance on revenue, subscriptions, costs or strategy. Supreme Court Again Sides With Republicans in Political TV Ad Fight
• Negative Sentiment: Accelerating inflation is a potential macroeconomic headwind. Persistent energy pressures could weaken consumer spending and raise operating costs, while economic uncertainty may pressure advertising budgets. This is a sectorwide risk rather than a NYT-specific development. Live Update: Inflation Accelerates on Persistent Energy Pressures

Institutional Trading of New York Times

Hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc acquired a new position in New York Times during the fourth quarter worth approximately $351,664,000. Renaissance Technologies LLC grew its position in New York Times by 20.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,756,180 shares of the company’s stock valued at $230,775,000 after buying an additional 465,600 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of New York Times by 0.9% in the 1st quarter. First Trust Advisors LP now owns 1,570,073 shares of the company’s stock worth $131,462,000 after acquiring an additional 14,202 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of New York Times by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,512,403 shares of the company’s stock valued at $126,633,000 after acquiring an additional 43,796 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of New York Times by 30.3% in the first quarter. Janus Henderson Group PLC now owns 761,118 shares of the company’s stock valued at $63,740,000 after acquiring an additional 177,045 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Up 0.5%

Shares of New York Times stock opened at $67.18 on Friday. New York Times has a 52 week low of $54.43 and a 52 week high of $87.10. The company has a market capitalization of $10.84 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.93. The stock’s fifty day moving average is $66.25 and its two-hundred day moving average is $72.83.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The business had revenue of $762.46 million during the quarter, compared to analysts’ expectations of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. As a group, research analysts anticipate that New York Times will post 2.83 earnings per share for the current year.

New York Times Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, October 7th. New York Times’s payout ratio is presently 38.33%.

About New York Times

The New York Times Company is a media and information company best known for publishing The New York Times, a global news organization founded in 1851. The company produces journalism across national and international news, politics, business, culture, science, sports and opinion, distributing its content through digital platforms and the newspaper’s print edition.

In addition to its core news business, the company offers a range of subscription products and services, including NYT Cooking, Games, Audio and Wirecutter, a product-recommendation service.