New Media Investment Group (NEWM) stock is expected to deviate a maximum of $3.79 from the average target price of $21.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $19.
New Media Investment Group (NEWM) : Zacks Investment Research ranks New Media Investment Group (NEWM) as 5, which is a Strong Sell 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 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 1.67, which indicates as a Buy.
Also, Major Brokerage house, Citigroup downgrades its ratings on New Media Investment Group (NYSE:NEWM). In the latest research report, Citigroup lowers the target price from $17 per share to $13 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 24, 2016.
New Media Investment Group (NYSE:NEWM): The stock opened at $16.02 on Thursday but the bulls could not build on the opening and the stock topped out at $16.02 for the day. The stock traded down to $15.75 during the day, due to lack of any buying support eventually closed down at $15.91 with a loss of -0.44% for the day. The stock had closed at $15.98 on the previous day. The total traded volume was 235,652 shares.
New Media Investment Group Inc. is a holding company. The Company is a publisher of locally-based print and online media. The Company owns, operates and invests in local media assets. It focuses on owning and acquiring local media assets in small to mid-size markets. It focuses on business categories, such as consumers and small to medium size businesses (SMBs). Its portfolio of media assets spans across 379 markets and 27 states. Its products include 452 community print publications, 379 Websites, 360 mobile sites and six yellow page directories. Its digital marketing services business, Propel Marketing (Propel), offers a set of turn-key digital marketing services to SMBs that provides results to the business owners. It operates in four publication groups: Small Community Newspapers, Metros, Large Daily Newspapers and Local Media