Brokerages Set News Co. (NASDAQ:NWSA) Target Price at $39.33

News Co. (NASDAQ:NWSA) has been given a consensus recommendation of “Buy” by the four research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $39.33.

A number of equities analysts have commented on the stock. Guggenheim lifted their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital reduced their target price on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a report on Thursday, December 26th.

News Price Performance

NASDAQ:NWSA opened at $27.55 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News has a 12-month low of $22.65 and a 12-month high of $30.03. The stock’s 50 day moving average price is $28.53 and its two-hundred day moving average price is $27.53. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 44.44 and a beta of 1.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Seelaus Asset Management LLC increased its position in shares of News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after purchasing an additional 417 shares during the period. Acadian Asset Management LLC increased its holdings 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 buying an additional 506 shares during the period. GAMMA Investing LLC raised its position in shares of News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after buying an additional 543 shares in the last quarter. Pathstone Holdings LLC lifted its stake in News by 1.2% during the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after purchasing an additional 730 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in News by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock valued at $1,117,000 after buying an additional 774 shares in the last quarter. Institutional investors and hedge funds 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.