Last Updated: 16 Sep 2024
Executive Summary
New York Times Company (NYT) is a leading provider of news and information, with a strong track record of financial performance. The company has a market capitalization of $8.79 billion, and its shares are trading at $53.54, near the midpoint of their 52-week range. NYT has a P/E ratio of 33.05 and a dividend yield of 0.0097%.
Company Overview
NYT was founded in 1851 and is headquartered in New York City. The company operates a portfolio of iconic brands, including The New York Times, The Boston Globe, and The International Herald Tribune. NYT's content is distributed across a variety of platforms, including print, digital, and mobile.
Fundamental Analysis
NYT's financial performance has been strong in recent years. In 2023, the company reported revenue of $2.47 billion and net income of $412 million. NYT's profit margin is 10.9%, and its return on equity is 15.8%. The company's balance sheet is also strong, with $1.1 billion in cash and equivalents and $1.2 billion in debt.
Technical Analysis
NYT's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages, and it has formed a bullish pennant pattern. This pattern suggests that the stock is likely to continue to move higher in the short term.
Short Term Outlook
NYT's stock price is likely to continue to move higher in the short term. The stock is trading near the top of its 52-week range, and it has formed a bullish pennant pattern. However, the stock is also overbought, and it could be due for a pullback.
Long Term Outlook
NYT's long-term outlook is positive. The company has a strong brand portfolio, and it is well-positioned to benefit from the growing demand for news and information. NYT is also investing heavily in digital initiatives, which should help to drive growth in the future.
Analyst Recommendations
The majority of analysts have a buy or strong buy rating on NYT. The average analyst target price is $55.57, which represents a potential upside of 3.8% from the current price.
Overall
NYT is a well-run company with a strong brand portfolio and a positive long-term outlook. The stock is currently trading near the top of its 52-week range, and it could be due for a pullback. However, the stock is also overbought, and it could be due for a pullback.
