News (NASDAQ:NWSA) Raised to Strong-Buy at Seaport Res Ptn

News (NASDAQ:NWSA) was upgraded by stock analysts at Seaport Res Ptn to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other equities analysts have also weighed in on NWSA. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Guggenheim increased their price objective on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Citigroup assumed coverage on shares of News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Loop Capital lowered their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $39.25.

News Trading Up 0.1 %

Shares of News stock opened at $28.12 on Friday. News has a 1 year low of $22.65 and a 1 year high of $30.03. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 45.35 and a beta of 1.35. The business has a fifty day simple moving average of $28.23 and a two-hundred day simple moving average of $27.56. 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 announced its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.56 billion. News had a net margin of 3.49% and a return on equity of 4.76%. During the same quarter in the previous year, the firm posted $0.16 EPS. Research analysts forecast that News will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in News during the third quarter worth about $39,000. R Squared Ltd bought a new stake in shares of News during the 4th quarter worth approximately $49,000. ORG Wealth Partners LLC acquired a new stake in shares of News during the 3rd quarter worth approximately $79,000. Wilmington Savings Fund Society FSB bought a new position in News in the third quarter valued at approximately $85,000. Finally, Principal Securities Inc. raised its position in News by 18.5% during the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after purchasing an additional 521 shares in the last quarter. 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.