News Corporation (NASDAQ:NWSA) Stock Has Average Price Target of $37.80 According to Analysts

Shares of News Corporation (NASDAQ:NWSA) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.80.

Several equities analysts have recently issued reports on the stock. Raymond James Financial started coverage on shares of News in a report on Monday, October 19th. They set an “outperform” rating and a $35.00 price target for the company. Weiss Ratings cut shares of News from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of News from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of News from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th.

Institutional Investors Weigh In On News

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of News by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,245,597 shares of the company’s stock worth $105,842,000 after purchasing an additional 94,368 shares in the last quarter. Bank of America Corp DE boosted its holdings in News by 80.9% in the first quarter. Bank of America Corp DE now owns 4,069,041 shares of the company’s stock worth $101,441,000 after purchasing an additional 1,819,652 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in News during the third quarter worth $79,840,000. Sei Investments Co. increased its position in News by 120.6% during the first quarter. Sei Investments Co. now owns 2,326,616 shares of the company’s stock worth $58,002,000 after buying an additional 1,272,083 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in News by 174.3% during the first quarter. Quantinno Capital Management LP now owns 1,911,329 shares of the company’s stock valued at $47,649,000 after buying an additional 1,214,648 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

News stock opened at $26.83 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.50. News has a 12 month low of $22.20 and a 12 month high of $31.66. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 23.96 and a beta of 1.01. The stock’s 50-day moving average is $29.32 and its 200-day moving average is $26.96.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. News had a net margin of 6.76% and a return on equity of 7.42%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts anticipate that News will post 1.34 earnings per share for the current year.

About News

News Corporation is a global media and information services company. Its businesses include Dow Jones, which provides financial news and data through outlets such as The Wall Street Journal; HarperCollins, a book publisher; and News Corp’s news media operations, which publish newspapers and digital news services. The company also operates digital real estate businesses, including Realtor.com in the United States and REA Group in Australia. Its brands and services reach audiences and customers across the Americas, Europe, Australia and other international markets.