The New York Times Company (NYT) shares are trading at higher $42.29 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $35.40.
To add more color to this target, the company’s high over the last year is $47.95 and the low is $26.13. Over the last 52 weeks, NYT is up 44.63% while the S&P 500 is up 11.54%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
NYT booked profit margins of 7.90%, its Return on Equity (ROE) is 12.00%, and its Return on Assets is 6.70%. All told, it is clear that, NYT needs to be on your watchlist.
Find out when NYT reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NYT has a short ratio of 16.89 and outstanding shares of 166.87M.
NYT has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.84. Investors should also keep an eye on sector updates as NYT has historically followed its peers on positive news.
All told, The New York Times Company NYT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NYT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
The New York Times Company NYT is now commanding a market cap of 7.04B and a float of 146.71M. NYT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NYT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in NYT, either long or short, and we have not been compensated for this article.