New Media Investment Group Inc. (NYSE:NEWM) has been recommended as a long term growth pick according to Beta Research. With their stock price currently trading around $16.90, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 24.60% earnings per share growth over the past 5 years and 19.50% revenue growth over that same time frame.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, New Media Investment Group Inc. (NYSE:NEWM)’s stock was 0.72%. Over the last week of the month, it was 1.81%, 9.31% over the last quarter, and 25.74% for the past six months.
Over the past 50 days, New Media Investment Group Inc.’s stock is -4.09% off of the high and 12.28% removed from the low. Their 52-Week High and Low are as follows: -4.09% (High), 42.38%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $17.00 on the equity. Analysts have a consensus recommendation of 3.00 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.