Deutsche Bank has recently initiated New York Times Co (NYT) stock to Buy rating, as announced on October 9, 2024, according to Finviz. Earlier, on March 12, 2024, Citigroup had initiated the stock to Buy, setting a price target of $52. Argus also raised Buy rating with a price target of $51. Additionally, Barclays raised Equal Weight rating on February 9, 2023, with a target price of $36. Morgan Stanley analysts, in their report published on December 16, 2022, also reduced rating and set a price target of $37 for New York Times Co’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
New York Times Co (NYT) Stock Trading Recap
On Wednesday, New York Times Co (NYT) stock saw a decline, ending the day at $54.45 which represents a decrease of $-0.25 or -0.46% from the prior close of $54.7. The stock opened at $54.56 and touched a low of $54.38 during the day, reaching a high of $54.79. The volume of shares traded was 0.81 million falling short of the average volume of 0.86 million.
Sponsored
NYT Stock Performance and Moving Averages
In recent trading, New York Times Co (NYT) stock price has shown some volatility, fluctuating -2.02% over the last five trades and -1.14% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 25.75%, and it has gained 1.99% in the previous three months. Currently, NYT is trading at -1.36%, -0.44%, and 10.17% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NYT, a Communication Services sector stock, is trading -3.61% below its 52-week high but remains 37.05% above its 52-week low. The Average True Range (ATR) (14 days) of 0.8 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
New York Times Co’s Profitability and Valuation Ratios
New York Times Co’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 12.99% and a profit margin of 10.81%, with a gross margin of 25.75%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, New York Times Co’s market capitalization stands at $8.94 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 33.47, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 26.57. Additionally, the Price-to-Sales Ratio is 3.59, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.96, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.68% of New York Times Co (NYT)’s shares, while financial institutions hold 90.00%.
Notable insider trades include KOPIT LEVIEN MEREDITH A., PRESIDENT & CEO at New York Times Co (NYT), who sold 18300 shares on Aug 12 ’24, at $53.92 each, totaling $0.99 million. On Aug 09 ’24, Bardeen William, Chief Financial Officer, sold 2000 shares for $54.56 each, amounting to $0.11 million. Additionally, on May 21 ’24, BENTEN R ANTHONY sold 5171 shares at $48.98 each, generating $0.25 million.
