News (NASDAQ:NWSA) Given New $44.00 Price Target at Loop Capital

News (NASDAQ:NWSA) had its target price increased by Loop Capital from $41.00 to $44.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

NWSA has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Guggenheim increased their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, StockNews.com cut News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

News Price Performance

Shares of NWSA opened at $29.38 on Monday. News has a 12 month low of $21.85 and a 12 month high of $30.03. The company has a market cap of $16.71 billion, a P/E ratio of 47.39 and a beta of 1.35. The stock has a fifty day moving average price of $27.78 and a 200 day moving average price of $27.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NWSA. International Assets Investment Management LLC bought a new position in News during the second quarter valued at about $26,000. Acadian Asset Management LLC boosted its stake in News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of News during the third quarter valued at $39,000. Innealta Capital LLC purchased a new stake in shares of News during the second quarter valued at $46,000. Finally, Family Firm Inc. purchased a new stake in shares of News during the second quarter valued at $73,000. 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.