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

News Co. (NASDAQ:NWSA) has earned an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.25.

Several analysts have issued reports on the company. Citigroup initiated coverage on News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price target on the stock. Loop Capital cut their target price on 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 raised shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Finally, Guggenheim boosted their price objective on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd.

News Trading Down 0.4 %

NASDAQ:NWSA opened at $28.08 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The business’s 50-day simple moving average is $28.26 and its 200-day simple moving average is $27.56. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03. The stock has a market capitalization of $15.97 billion, a PE ratio of 45.29 and a beta of 1.35.

News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share 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 company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company earned $0.16 earnings per share. Sell-side analysts expect that News will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On News

Several large investors have recently made changes to their positions in NWSA. State Street Corp lifted its stake in News by 6.1% in the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after acquiring an additional 1,476,224 shares during the last quarter. Barclays PLC grew its holdings in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock worth $391,832,000 after purchasing an additional 8,144,856 shares during the period. Geode Capital Management LLC increased its position in News by 0.9% during the third quarter. Geode Capital Management LLC now owns 9,622,246 shares of the company’s stock worth $255,457,000 after buying an additional 90,419 shares during the last quarter. Metropolis Capital Ltd raised its stake in News by 8.9% in the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after buying an additional 555,789 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after buying an additional 53,550 shares during 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.