New Media Investment Group (NEWM) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
New Media Investment Group (NEWM) : The consensus price target for New Media Investment Group (NEWM) is $21.67 for the short term with a standard deviation of $3.79. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $19.
Shares of New Media Investment Group Inc. appreciated by 0.66% during the last five trading days but lost 11.98% on a 4-week basis. New Media Investment Group Inc. is up 1.63% in the last 3-month period. Year-to-Date the stock performance stands at -7.8%. New Media Investment Group (NYSE:NEWM): stock turned positive on Tuesday. Though the stock opened at $16.88, the bulls momentum made the stock top out at $17.04 level for the day. The stock recorded a low of $16.84 and closed the trading day at $16.9, in the green by 0.18%. The total traded volume for the day was 146,061. The stock had closed at $16.87 in the previous days trading.
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