Time (TIME) : 2 brokerage houses believe that Time (TIME) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Time (TIME). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Time (TIME) : The consensus price target for Time (TIME) is $17.67 for the short term with a standard deviation of $2.08. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $16.
For the current week, the company shares have a recommendation consensus of Buy.
Time (NYSE:TIME): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.42 and $15.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.65, notching a gain of 0.90% for the day. The total traded volume was 1,063,995 . The stock had closed at $15.51 on the previous day.
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.