Market Runner: Is Time Inc a Buy? The Stock Rises Again

Market Runner: Is Time Inc a Buy? The Stock Rises Again

The stock of Time Inc (NYSE:TIME) is a huge mover today! About 1.98 million shares traded hands or 96.04% up from the average. Time Inc (NYSE:TIME) has declined 8.18% since April 25, 2016 and is downtrending. It has underperformed by 14.20% the S&P500.
The move comes after 6 months positive chart setup for the $1.57B company. It was reported on Nov, 28 by Barchart.com. We have $16.46 PT which if reached, will make NYSE:TIME worth $47.10 million more.

Analysts await Time Inc (NYSE:TIME) to report earnings on February, 9. They expect $0.76 EPS, up 31.03% or $0.18 from last year’s $0.58 per share. TIME’s profit will be $74.67M for 5.26 P/E if the $0.76 EPS becomes a reality. After $0.31 actual EPS reported by Time Inc for the previous quarter, Wall Street now forecasts 145.16% EPS growth.

Time Inc (NYSE:TIME) Ratings Coverage

Out of 5 analysts covering Time (NYSE:TIME), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Time has been the topic of 6 analyst reports since November 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, February 12 by Gabelli. On Tuesday, August 9 the stock rating was maintained by Citigroup with “Buy”. The rating was upgraded by Macquarie Research to “Outperform” on Thursday, May 19. The stock has “Market Perform” rating given by Wells Fargo on Friday, November 6. The stock of Time Inc (NYSE:TIME) has “Outperform” rating given on Thursday, November 5 by FBR Capital. FBR Capital maintained it with “Outperform” rating and $15 target price in Friday, February 12 report.

According to Zacks Investment Research, “Time Inc. is a branded media company. It publishes magazines in the United States, the United Kingdom, and internationally. Time also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfilment services to other third-party clients, including other magazine publishers. The Company’s brands includes Time, People, Sports Illustrated, InStyle, Real Simple, Travel + Leisure, Food & Wine, and Wallpaper. Time Inc. is headquartered in New York.”

More notable recent Time Inc (NYSE:TIME) news were published by: Reuters.com which released: “Time Inc rejects bid from billionaire Bronfman Jr.: NY Post” on November 28, 2016, also Wsj.com with their article: “Time Inc. Plans Significant Reorganization to Generate Non-Print Revenue” published on July 01, 2016, Fortune.com published: “Here’s the Full Memo Announcing Major Changes at Time Inc.” on July 13, 2016. More interesting news about Time Inc (NYSE:TIME) were released by: Investorplace.com and their article: “3 Stocks to Watch on Monday: ConocoPhillips (COP), Time Inc (TIME) and Domino …” published on November 28, 2016 as well as Nytimes.com‘s news article titled: “Time Inc. Shakes Up Management, Replacing Chief Executive” with publication date: September 13, 2016.

TIME Company Profile

Time Inc., incorporated on September 28, 1988, is a media company. The Firm has a monthly global print audience of over 120 million and approximately 150 million monthly visitors to its digital properties, including over 60 Websites. The Company’s brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as over 50 diverse titles in the United Kingdom, such as Decanter, Horse & Hound, and Wallpaper*. The Company’s franchises and events include the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsperson of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. The Firm provides content marketing, targeted local print and digital advertising programs, branded 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 clients, including other magazine publishers.

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