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

Shares of News Co. (NASDAQ:NWSA) have been given an average rating of “Buy” by the four ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.33.

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital raised their price objective on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. Guggenheim lifted their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

News Price Performance

NWSA opened at $29.38 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. News has a 1-year low of $21.85 and a 1-year high of $30.03. The company has a 50-day moving average of $27.78 and a 200-day moving average of $27.41. The company has a market capitalization of $16.71 billion, a P/E ratio of 47.39 and a beta of 1.35.

Institutional Investors Weigh In On News

Several hedge funds have recently bought and sold shares of NWSA. International Assets Investment Management LLC acquired a new position in shares of News in the second quarter valued at about $26,000. Acadian Asset Management LLC lifted its stake in News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after purchasing an additional 506 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of News during the 3rd quarter valued at $39,000. Innealta Capital LLC bought a new stake in shares of News during the second quarter worth about $46,000. Finally, Family Firm Inc. acquired a new position in News in the 2nd quarter valued at approximately $73,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.