News Co. (NASDAQ:NWSA) Receives $39.20 Consensus Target Price from Brokerages

Shares of News Co. (NASDAQ:NWSA - Get Free Report) have received an average recommendation of "Buy" from the seven ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.20.

A number of research firms have recently commented on NWSA. Morgan Stanley cut their price target on News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Wall Street Zen cut shares of News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $45.00 price target on shares of News in a report on Thursday, May 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NWSA. Signaturefd LLC boosted its holdings in shares of News by 3.5% during the first quarter. Signaturefd LLC now owns 11,833 shares of the company's stock worth $322,000 after purchasing an additional 398 shares during the period. Horizon Investments LLC raised its holdings in shares of News by 7.7% during the first quarter. Horizon Investments LLC now owns 5,575 shares of the company's stock valued at $152,000 after acquiring an additional 398 shares in the last quarter. Franklin Resources Inc. boosted its holdings in News by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock valued at $605,000 after acquiring an additional 418 shares in the last quarter. Boyar Asset Management Inc. raised its holdings in News by 2.9% in the 4th quarter. Boyar Asset Management Inc. now owns 15,203 shares of the company's stock worth $419,000 after purchasing an additional 422 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of News by 18.5% during the 4th 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. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

NWSA stock traded down $0.07 during midday trading on Friday, hitting $27.88. The company's stock had a trading volume of 264,256 shares, compared to its average volume of 2,837,192. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 38.19 and a beta of 1.30. News has a 1 year low of $23.38 and a 1 year high of $30.69. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $27.02 and its 200 day moving average price is $27.84.

News (NASDAQ:NWSA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. News's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, equities analysts forecast that News will post 0.94 EPS for the current 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.