News Corporation (NASDAQ:NWSA) Receives Consensus Rating of "Buy" from Brokerages

News Corporation (NASDAQ:NWSA - Get Free Report) has been assigned an average rating of "Buy" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $39.20.

NWSA has been the topic of several recent analyst reports. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Morgan Stanley cut their price objective 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. Finally, Guggenheim reissued a "buy" rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in News by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 51,764,497 shares of the company's stock worth $1,409,030,000 after buying an additional 812,180 shares during the last quarter. Independent Franchise Partners LLP lifted its position in News by 2.2% in the first quarter. Independent Franchise Partners LLP now owns 27,189,590 shares of the company's stock valued at $740,101,000 after purchasing an additional 572,331 shares during the last quarter. Dodge & Cox lifted its position in News by 18.7% in the first quarter. Dodge & Cox now owns 13,846,298 shares of the company's stock valued at $376,896,000 after purchasing an additional 2,183,613 shares during the last quarter. 59 North Capital Management LP lifted its position in News by 24.4% in the first quarter. 59 North Capital Management LP now owns 11,147,654 shares of the company's stock valued at $303,439,000 after purchasing an additional 2,185,542 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in News by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock valued at $270,798,000 after purchasing an additional 234,893 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Stock Performance

Shares of NWSA opened at $29.86 on Friday. The firm's 50 day moving average is $28.64 and its 200-day moving average is $27.88. The stock has a market capitalization of $16.90 billion, a P/E ratio of 34.72 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. News has a 12-month low of $23.38 and a 12-month high of $30.75.

News (NASDAQ:NWSA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. News's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Equities research analysts anticipate that News will post 0.94 EPS 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.

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