New York Times Company (The) with ticker code (NYT) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 62 and 30 calculating the average target price we see 51.63. Now with the previous closing price of 41.57 this would imply there is a potential upside of 24.2%. There is a 50 day moving average of 44.6 and the 200 day moving average is 46.43. The market cap for the company is $6,948m. Visit the company website at: https://www.nytco.com
The potential market cap would be $8,629m based on the market concensus.
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website. The company also transmits articles, graphics, and photographs from The Times and other publications to approximately 1,500 newspapers, magazines, and Websites; licenses electronic databases to resellers in the business, professional, and library markets; and offers magazine licensing, news digests, book development, and rights and permissions. In addition, it engages in the live events business, which hosts physical and virtual live events to connect audiences with journalists and outside thought leaders; operates Wirecutter, a product review and recommendation Website that serves as a guide to technology gear, home products, and other consumer goods; develops mobile applications, including games and Cooking products; prints and distributes products for third parties; and offers other products and services. The company was founded in 1851 and is headquartered in New York, New York.
