Stock Rating Upgrade
The Value Trend Rating for The New York Times Company (NYSE: NYT) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
The New York Times Company (NYSE: NYT) stock declined slightly by -0.4% on 8/1/24. The stock closed at $53.35. This decline was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -2.2% during the last week.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. New York Times has a poor Appreciation Score of 15 but a slightly positive Power Rating of 70, leading to the Low Neutral Value Trend Rating.
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