News Co. (NASDAQ:NWSA) Receives Average Recommendation of “Buy” from Brokerages

Shares of News Co. (NASDAQ:NWSA) have received a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $39.20.

A number of research analysts recently commented on NWSA shares. Wall Street Zen downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Guggenheim reaffirmed a “buy” rating and issued a $45.00 target price on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley dropped their target price on shares of News from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th.

Institutional Trading of News

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in News by 204.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company’s stock worth $9,447,000 after purchasing an additional 231,056 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of News by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 151,693 shares of the company’s stock worth $4,216,000 after acquiring an additional 820 shares during the period. Savant Capital LLC lifted its stake in shares of News by 9.6% in the 4th quarter. Savant Capital LLC now owns 16,076 shares of the company’s stock worth $443,000 after acquiring an additional 1,411 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of News by 35.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,289 shares of the company’s stock worth $1,064,000 after acquiring an additional 9,981 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of News in the 4th quarter worth $1,171,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Trading Down 0.3%

Shares of NASDAQ:NWSA opened at $27.85 on Friday. News has a 52 week low of $23.38 and a 52 week high of $30.69. The company’s 50 day moving average is $27.05 and its two-hundred day moving average is $27.84. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.77 billion, a PE ratio of 38.15 and a beta of 1.30.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). News had a net margin of 4.22% and a return on equity of 5.31%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts predict that News will post 0.94 earnings per share for the current fiscal year.

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.