News (NASDAQ:NWSA) Price Target Raised to $40.00

News (NASDAQ:NWSA) had its price target hoisted by Guggenheim from $36.00 to $40.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on NWSA. Loop Capital raised their target price on News from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.67.

News Trading Down 0.3 %

NASDAQ NWSA traded down $0.09 on Tuesday, reaching $29.02. 959,741 shares of the company were exchanged, compared to its average volume of 2,640,956. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $26.80 and its 200 day moving average price is $26.89. The stock has a market capitalization of $16.50 billion, a P/E ratio of 46.95 and a beta of 1.34. News has a fifty-two week low of $20.83 and a fifty-two week high of $30.03.

Institutional Trading of News

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of News in the second quarter valued at about $26,000. Acadian Asset Management LLC increased its position in News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares during the period. Brooklyn Investment Group acquired a new stake in shares of News in the 3rd quarter valued at approximately $39,000. Covestor Ltd boosted its stake in shares of News by 125.8% in the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock valued at $45,000 after buying an additional 962 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in News in the second quarter worth $46,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

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.