Time (TIME) : 3 investment research analysts covering Time (TIME) have an average price target of $17.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $15 for the short term. Analysts expect the variance to be within $2.52 of the average price.
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.
Also, Major Brokerage house, Citigroup maintains its ratings on Time (NYSE:TIME). In the latest research report, Citigroup lowers the target price from $19 per share to $18 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 10, 2016.
Time (NYSE:TIME): The stock opened at $14.08 on Thursday but the bulls could not build on the opening and the stock topped out at $14.17 for the day. The stock traded down to $13.93 during the day, due to lack of any buying support eventually closed down at $14.01 with a loss of -0.64% for the day. The stock had closed at $14.10 on the previous day. The total traded volume was 890,740 shares.
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.