In a report released yesterday, John Belton from Evercore ISI reiterated a Buy rating on New York Times (NYT), with a price target of $38. The company’s shares opened today at $31.04.
Belton observed:
“We now expect high- single digit 2020 digital ad revenue growth off an easier compare and in an election year.”
Currently, the analyst consensus on New York Times is a Moderate Buy with an average price target of $38.
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New York Times’ market cap is currently $5.19B and has a P/E ratio of 39.06. The company has a Price to Book ratio of 4.90.
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock.
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The New York Times Co. is a media organization, which engages in creating, collecting, and distributing news and information. It includes newspapers, print, and digital products and investments and operates through The New York Times, NYTimes.com, and mobile applications.
