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Wednesday, October 21, 2020

The New York Times Company (NYSE:NYT) Stock is Plummeting, Here is Why

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The New York Times Company (NYT) shares are trading at lower $42.85 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $46.67.

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 49.67% while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NYT reported a profit of $173.6 million. The New York Times Company also saw revenues increase to $403.75 million. In addition, NYT has free cash flow of $97.08 million as of 06-2020. The company’s EBITDA came in at $46.73 million which compares well with its peers.

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.

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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 17.01 and outstanding shares of 166.87M.

Company Outlook

NYT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.54 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.84. The New York Times Company NYT also noted assets of $2.06 billion at the end of the last quarter. 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 7.43B 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.

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