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Zacks Investment Research disclosed New Media Investment Group Inc (NYSE:NEWM), hiking its price target to $17.00 earlier today

Reporting a potential upside of 0.16%, Zacks Investment Research raised the target price of New Media Investment Group Inc (NYSE:NEWM) to $17.00

Yesterday New Media Investment Group Inc (NYSE:NEWM) traded 1.95% higher at $14.62. The company’s 50-day moving average is $15.70 and its 200-day moving average is $16.73. The last closing price is down -12.59% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 934,231 shares of the stock were exchanged, up from an average trading volume of 297,605

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New Media Investment Group Inc (NYSE:NEWM)

New Media Investment Group Inc has a 52 week low of $14.25 and a 52 week high of $20.11 with a P/E ratio of 8.55 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $23.00 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About New Media Investment Group Inc (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, among others.

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