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

News Co. (NASDAQ:NWSA) has been given an average rating of “Buy” by the four ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.67.

NWSA has been the topic of several recent analyst reports. Guggenheim lifted their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Loop Capital lifted their price objective on News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. StockNews.com cut News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price objective on News from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th.

News Trading Down 0.0 %

NASDAQ:NWSA opened at $28.61 on Tuesday. News has a fifty-two week low of $20.95 and a fifty-two week 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 market capitalization of $16.27 billion, a PE ratio of 46.15 and a beta of 1.34. The business’s 50-day simple moving average is $26.88 and its 200-day simple moving average is $26.99.

Institutional Investors Weigh In On News

Several institutional investors have recently bought and sold shares of NWSA. International Assets Investment Management LLC bought a new stake in News in the 2nd quarter valued at approximately $26,000. Acadian Asset Management LLC increased its position in shares of 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 last quarter. Brooklyn Investment Group acquired a new position in shares of News during the 3rd quarter worth approximately $39,000. Covestor Ltd increased its position in shares of News by 125.8% during the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after purchasing an additional 962 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of News during the 2nd quarter worth approximately $46,000. Institutional investors 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.