Time (TIME) has an average broker rating of 2, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 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 3, which is also a Hold.
Time (TIME) : Average target price received by Time (TIME) is $17.33 with an expected standard deviation of $2.52. The most aggressive target on the stock is $20, whereas the most downbeat target is $15. 3 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Citigroup maintains its rating on Time (NYSE:TIME). As per the latest information, the brokerage house lowers the price target to $18 per share from a prior target of $19. The shares have been rated Buy. The rating by the firm was issued on August 10, 2016.
Time (NYSE:TIME): The stock opened at $14.25 and touched an intraday high of $14.995 on Wednesday. During the day, the stock corrected to an intraday low of $14.19, however, the bulls stepped in and pushed the price higher to close in the green at $14.94 with a gain of 5.14% for the day. The total traded volume for the day was 1,286,389. The stock had closed at $14.21 in the previous trading session.
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.