Time (TIME) : Zacks Investment Research ranks Time (TIME) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2, which indicates as a Buy.
Time (TIME) : The most positive equity analysts on Time (TIME) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $17.33 with an expected fluctuation of $2.52 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Time (NYSE:TIME): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.83 and $13.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.82, notching a gain of 0.36% for the day. The total traded volume was 836,375 . The stock had closed at $13.77 on the previous day.
In a related news, 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 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.