Time (NYSE:TIME) stock has received a short term price target of $ 17.67 from 3 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.08. The higher estimate of target price is $20 , while the lower price target estimate is $16
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Macquarie upgrades its rating on Time (NYSE:TIME). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Time Inc., Bell David Arthur had purchased shares worth of $75,300 in a transaction dated on May 9, 2016. A total of 5,000 shares were purchased at a price of $15.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Time (NYSE:TIME) : On Monday heightened volatility was witnessed in Time (NYSE:TIME) which led to swings in the share price. The stock opened for trading at $16.68 and hit $17.03 on the upside , eventually ending the session at $16.71, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 1,056,851 shares. The 52-week high of the share price is $24.26 and the company has a market cap of $1,701 million. The 52-week low of the share price is at $12.2325 .
Time Inc. is a media company. The Companys brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as approximately 50 titles in the United Kingdom, such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises, including the Fortune 500, Time 100, Peoples Sexiest Man Alive, Sports Illustrateds Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for the Company and third-party customers, including other magazine publishers.