Time (NYSE:TIME) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 4 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.
Several brokerage firms have commented on the stock rating. Equity Analysts at the Brokerage Firm, Gabelli & Co, upgrades their rating on the shares of Time (NYSE:TIME). Gabelli & Co has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on February 12, 2016.
Time (NYSE:TIME) shares are expected to touch $19 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 3.61. The target price could hit $22 on the higher end and $15 on the lower end.
Time (NYSE:TIME) witnessed a decline in the market cap on Tuesday as its shares dropped 2.88% or 0.44 points. After the session commenced at $15.16, the stock reached the higher end at $15.347 while it hit a low of $14.83. With the volume soaring to 1,421,445 shares, the last trade was called at $14.84. The company has a 52-week high of $24.26. The company has a market cap of $1,556 million and there are 104,852,752 shares in outstanding. The 52-week low of the share price is $12.2325.
Time Inc. has dropped 4.13% in the last five trading days, however, the shares have posted positive gains of 3.2% in the last 4 weeks. Time Inc. has dropped 0.74% during the last 3-month period . Year-to-Date the stock performance stands at -5.3%.
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.