Analysts Set News Co. (NASDAQ:NWSA) Target Price at $38.67

Shares of News Co. (NASDAQ:NWSA) have received a consensus rating of “Buy” from the four brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.67.

Several equities research analysts recently commented on the company. Guggenheim lifted their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Loop Capital boosted their target price on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th.

Hedge Funds Weigh In On News

A number of institutional investors and hedge funds have recently made changes to their positions in NWSA. Mirae Asset Global Investments Co. Ltd. raised its holdings in News by 18.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,487 shares of the company’s stock worth $1,479,000 after purchasing an additional 8,666 shares during the period. SG Americas Securities LLC raised its stake in shares of News by 294.2% in the first quarter. SG Americas Securities LLC now owns 70,541 shares of the company’s stock worth $1,847,000 after buying an additional 52,648 shares during the period. Atomi Financial Group Inc. lifted its position in shares of News by 11.2% during the 1st quarter. Atomi Financial Group Inc. now owns 9,483 shares of the company’s stock valued at $248,000 after buying an additional 954 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of News during the 1st quarter valued at approximately $333,000. Finally, US Bancorp DE increased its holdings in News by 2.4% in the 1st quarter. US Bancorp DE now owns 18,406 shares of the company’s stock worth $482,000 after acquiring an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Down 1.7 %

NASDAQ:NWSA opened at $28.62 on Tuesday. News has a 52 week low of $20.83 and a 52 week high of $30.03. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 46.16 and a beta of 1.34. The company’s 50 day moving average price is $26.84 and its 200-day moving average price is $26.94. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

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.