Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The New York Times Company (NYSE: NYT) weakened during the last several trading days. NYT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
The New York Times Company (NYSE: NYT) stock rose slightly by 0.1% on 4/8/24. The stock closed at $43.22. However, unusually low trading volume at 64% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Times has a poor Appreciation Score of 18 but a slightly positive Power Rating of 68, leading to the Negative Value Trend Rating.
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