Citigroup Boosts New York Times (NYSE:NYT) Price Target to $94.00

New York Times (NYSE:NYT) had its target price lifted by equities researchers at Citigroup from $77.00 to $94.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 12.03% from the stock’s previous close.

NYT has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Barclays boosted their price target on shares of New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Morgan Stanley set a $68.00 price objective on New York Times in a research note on Thursday, December 18th. Argus upgraded New York Times to a “strong-buy” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.86.

New York Times Stock Up 1.5%

NYSE:NYT traded up $1.22 on Tuesday, reaching $83.91. 619,850 shares of the company’s stock were exchanged, compared to its average volume of 2,352,449. The firm has a market capitalization of $13.53 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09. The business has a fifty day moving average of $75.25 and a 200-day moving average of $66.75. New York Times has a 52-week low of $44.83 and a 52-week high of $84.46.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. As a group, equities analysts anticipate that New York Times will post 2.08 earnings per share for the current year.

Insider Activity

In other news, EVP William Bardeen sold 13,000 shares of New York Times stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the completion of the sale, the executive vice president directly owned 18,681 shares of the company’s stock, valued at approximately $1,486,260.36. The trade was a 41.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO R Anthony Benten sold 1,913 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction of $140,739.41. Following the transaction, the chief accounting officer owned 37,772 shares of the company’s stock, valued at approximately $2,778,886.04. The trade was a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,913 shares of company stock worth $2,214,369. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC raised its position in shares of New York Times by 162.1% during the 4th quarter. Hsbc Holdings PLC now owns 24,303 shares of the company’s stock worth $1,688,000 after acquiring an additional 15,029 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in New York Times by 9.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,125 shares of the company’s stock valued at $217,000 after purchasing an additional 274 shares in the last quarter. Pacer Advisors Inc. increased its stake in New York Times by 58.8% in the fourth quarter. Pacer Advisors Inc. now owns 43,351 shares of the company’s stock valued at $3,009,000 after purchasing an additional 16,046 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in New York Times during the fourth quarter worth approximately $262,000. Finally, Compound Planning Inc. raised its holdings in New York Times by 20.5% during the fourth quarter. Compound Planning Inc. now owns 4,688 shares of the company’s stock worth $325,000 after purchasing an additional 798 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Macro relief lifts ad/market sentiment — Headlines that Trump deferred an Iran deadline and oil prices tumbled helped U.S. stocks rally, improving the broader advertising and investor backdrop for media names. Markets Rally as Trump’s Iran Deadline Is Deferred
• Positive Sentiment: Energy-driven market move — Coverage noting oil prices fell as threats eased likely reduces near-term ad-market fears and supported equities, a tailwind for NYT’s ad revenue outlook. Oil Prices Tumble and Stocks Rise as Trump Backs Off Threats to Iran Infrastructure
• Positive Sentiment: Big breaking-news events driving traffic — The LaGuardia plane collision and live Iran/war coverage are high-engagement stories that tend to boost pageviews, subscriptions and reader engagement for NYT in the short term. Deadly Plane Collision at LaGuardia Airport: What We Know
• Neutral Sentiment: Ongoing sports/features add steady audience — Several Athletic and features pieces (e.g., Jared McCain trade follow-up, Blackhawks prospect, Egor Chinakhov profile) provide recurring engagement but are less likely to move the stock materially. The Sixers are still feeling the Jared McCain trade, but the story isn’t over
• Neutral Sentiment: Feature and science coverage sustain long-term audience — Items like the flying-fox science story and archaeology pieces maintain subscriber value but are lower-impact on near-term stock moves. We’ve Been Underestimating Flying Foxes
• Negative Sentiment: Geopolitical escalation risk could reverse gains — Live coverage of Iran/Israel strikes (including reports of missile damage in Tel Aviv) raises the risk of renewed market volatility and ad-spend pullbacks if the situation intensifies, which would pressure media stocks. Iran War Live Updates: Israel Reports Missile Damage in Tel Aviv

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.