News (NASDAQ:NWSA) Price Target Raised to $43.00

News (NASDAQ:NWSA) had its price target raised by equities research analysts at Guggenheim from $40.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price would indicate a potential upside of 54.32% from the stock’s current price.

Several other research firms have also issued reports on NWSA. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Loop Capital dropped their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Citigroup assumed coverage on shares of News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

News Stock Up 0.0 %

Shares of News stock traded up $0.01 on Wednesday, hitting $27.87. The company had a trading volume of 192,087 shares, compared to its average volume of 2,234,211. The firm has a market capitalization of $15.85 billion, a P/E ratio of 44.97 and a beta of 1.35. News has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a 50-day moving average of $28.38 and a 200-day moving average of $27.54.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. News had a net margin of 3.49% and a return on equity of 4.76%. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Research analysts predict that News will post 0.87 earnings per share for the current year.

Institutional Investors Weigh In On News

A number of large investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of News in the 3rd quarter valued at approximately $39,000. ORG Wealth Partners LLC bought a new position in News in the 3rd quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB bought a new position in News in the 3rd quarter valued at approximately $85,000. FNY Investment Advisers LLC bought a new position in News in the 4th quarter valued at approximately $137,000. Finally, Exchange Traded Concepts LLC raised its holdings in News by 1,419.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after buying an additional 4,713 shares during the last quarter. 66.97% of the stock is currently 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.