News Co. (NASDAQ:NWSA) Receives $39.25 Average Price Target from Brokerages

Shares of News Co. (NASDAQ:NWSA) have been given an average rating of “Buy” by the five research firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $39.25.

Several equities analysts have recently issued reports on the stock. Guggenheim lifted their price target on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Loop Capital cut their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup initiated coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price objective on the stock.

Hedge Funds Weigh In On News

Several large investors have recently modified their holdings of NWSA. Brooklyn Investment Group bought a new stake in News during the third quarter valued at approximately $39,000. R Squared Ltd purchased a new stake in shares of News during the fourth quarter worth about $49,000. ORG Wealth Partners LLC purchased a new position in shares of News during the third quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB purchased a new stake in News in the third quarter worth $85,000. Finally, Exchange Traded Concepts LLC increased its position in News by 1,419.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after purchasing an additional 4,713 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Down 1.0 %

NASDAQ NWSA opened at $28.15 on Friday. The business has a fifty day moving average price of $28.31 and a two-hundred day moving average price of $27.55. The stock has a market capitalization of $16.01 billion, a PE ratio of 45.40 and a beta of 1.35. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities analysts expect that News will post 0.91 earnings per share for the current fiscal year.

About News

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.