News Co. (NASDAQ:NWSA) Receives $38.67 Consensus Target Price from Analysts

News Co. (NASDAQ:NWSA) has earned an average rating of “Buy” from the four brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $38.67.

Several equities analysts recently weighed in on NWSA shares. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Guggenheim upped their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Loop Capital upped their price objective on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th.

News Price Performance

Shares of NASDAQ NWSA opened at $29.11 on Tuesday. News has a fifty-two week low of $20.83 and a fifty-two week high of $30.03. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 46.95 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The firm’s 50-day simple moving average is $26.80 and its 200 day simple moving average is $26.89.

Institutional Investors Weigh In On News

A number of hedge funds and other institutional investors have recently bought and sold shares of NWSA. Metropolis Capital Ltd increased its holdings in shares of News by 8.9% in the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after purchasing an additional 53,550 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of News by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after purchasing an additional 61,417 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of News by 2.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,120,708 shares of the company’s stock worth $56,474,000 after purchasing an additional 58,805 shares during the period. Finally, Mirabella Financial Services LLP increased its holdings in shares of News by 22.1% in the third quarter. Mirabella Financial Services LLP now owns 1,745,661 shares of the company’s stock worth $46,487,000 after purchasing an additional 316,076 shares during the period. Institutional investors own 66.97% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.