Analysts Set News Corporation (NASDAQ:NWSA) Price Target at $39.20

News Corporation (NASDAQ:NWSA - Get Free Report) has earned an average recommendation of "Buy" from the seven analysts that are currently covering the firm, MarketBeat.com reports. Six equities research 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 brokers that have issued ratings on the stock in the last year is $39.20.

NWSA has been the subject of a number of research reports. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Guggenheim reissued a "buy" rating and set a $45.00 target price on shares of News in a research note on Thursday, May 15th. Finally, Morgan Stanley lowered their target price on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, April 11th.

News Trading Down 0.4%

Shares of NASDAQ NWSA traded down $0.11 during trading on Wednesday, reaching $29.43. The stock had a trading volume of 5,140,097 shares, compared to its average volume of 2,932,969. News has a fifty-two week low of $23.38 and a fifty-two week high of $30.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68. The business's 50-day moving average price is $27.91 and its 200-day moving average price is $27.71. The company has a market cap of $16.66 billion, a P/E ratio of 34.22 and a beta of 1.23.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings data 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). News had a net margin of 5.18% and a return on equity of 5.64%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. On average, equities research analysts predict that News will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NWSA. Larson Financial Group LLC lifted its holdings in shares of News by 2,392.9% in the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock valued at $29,000 after purchasing an additional 1,005 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of News in the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. purchased a new stake in News during the 4th quarter valued at approximately $36,000. Sentry Investment Management LLC purchased a new stake in News during the 1st quarter valued at approximately $36,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in News by 12,084.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company's stock valued at $43,000 after acquiring an additional 1,571 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

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.