Alert: Positive Investment/Fundamental Signals (6/7/24)-The New York Times Company (NYSE: NYT)

out_logo_500#13381.jpg

Significant positive changes in fundamentals have recently occurred for The New York Times Company (NYSE: NYT): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

The New York Times Company (NYSE: NYT) has recently enjoyed meaningful positive changes in investment behavior: positive upside/downside volume developed.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.

out_mm#13381.jpg

Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, NYT is expected to continue to be an important Value Builder.

New York Times has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. New York Times has a poor Appreciation Score of 15 but a neutral Power Rating of 55, and the Negative Value Trend Rating results.

Recent Price Action

The New York Times Company (NYSE: NYT) stock closed at $50.28 on 6/7/24 after a modest decline of -1.2%. However, below average trading volume at 68% of normal accompanied the decline. The stock has declined -0.8% during the last week and has performed in line with the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*