New Media Investment (NYSE:NEWM) target price lowered to $19.00, reported today by Barrington Research
- Updated: September 18, 2016
Reporting a possible upside of 0.12%, Barrington Research dropped the estimated target of New Media Investment (NYSE:NEWM) to $19.
On 7/29/2016, Compass Point reported on New Media Investment(NYSE:NEWM) lowered the target price from $21.00 to $20.00. At the time, this suggested an upside of 0.13%.
Boasting a price of $16.92, New Media Investment (NYSE:NEWM) traded 2.92% lower on the day. With the last close up 7.05% from the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. The company has registered a 50-day moving average of $16.80 and two hundred day average of $16.83. 383,311 shares of the stock traded, up from ann average trading volume of 290,025
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With a market cap of $0.0, New Media Investment has a price-earnings of 9 with a one-year low of $14.25 and a one-year high of $20.11.
In addition to Barrington Research reporting it’s stock price target, a total of 5 equity analysts have reported on New Media Investment. The consensus target stock price is $23.00 with two analysts rating the stock a strong buy, two analysts rating the company a buy, one firm rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analystsrating the company as sell.
General Company Details For New Media Investment (NYSE:NEWM)
New Media Investment Group Inc. (New Media) is a holding company. The Company owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of locally based print and online media. The Company’s operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing. The Eastern US Publishing segment operates in approximately six publication group clusters: the New England Publishing Group, Cape Publishing Group, Providence Publishing Group, Mid-Atlantic Publishing Group, South Atlantic Publishing Group and Coastal Publishing Group. The Central US Publishing segment operates in the states of Illinois, Ohio, New York, Michigan, Delaware, Pennsylvania, West Virginia and Virginia. The Western US Publishing segment operates in the states of Missouri, Arkansas, Texas, California, Kansas, Iowa, Louisiana, Minnesota and Oklahoma, and among others.
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