News Corporation (NASDAQ:NWSA) Receives $37.14 Average PT from Analysts

Shares of News Corporation (NASDAQ:NWSA) have earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $37.14.

Several equities research analysts have issued reports on the company. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating and set a $34.00 price target on shares of News in a research report on Sunday, May 10th. Zacks Research upgraded shares of News from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Citigroup cut their price target on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Hedge Funds Weigh In On News

A number of hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in News by 16.5% during the 3rd quarter. State Street Corp now owns 31,356,593 shares of the company’s stock worth $965,673,000 after buying an additional 4,448,929 shares during the last quarter. Independent Franchise Partners LLP increased its holdings in shares of News by 4.0% in the 4th quarter. Independent Franchise Partners LLP now owns 29,934,048 shares of the company’s stock valued at $781,877,000 after acquiring an additional 1,137,691 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of News by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,458,034 shares of the company’s stock valued at $272,169,000 after acquiring an additional 88,157 shares during the last quarter. AQR Capital Management LLC raised its position in shares of News by 11.7% during the 3rd quarter. AQR Capital Management LLC now owns 9,072,194 shares of the company’s stock valued at $278,607,000 after acquiring an additional 947,687 shares in the last quarter. Finally, Metropolis Capital Ltd lifted its stake in News by 26.4% during the first quarter. Metropolis Capital Ltd now owns 8,835,157 shares of the company’s stock worth $220,260,000 after purchasing an additional 1,843,900 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 1.4%

Shares of News stock opened at $27.94 on Thursday. News has a 1-year low of $22.20 and a 1-year high of $31.61. The company has a market capitalization of $15.30 billion, a PE ratio of 13.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The business has a 50-day moving average of $26.69 and a 200-day moving average of $25.63.

News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, equities analysts forecast that News will post 1.06 EPS for the current fiscal year.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.