News Co. (NASDAQ:NWSA) Receives $39.33 Average Price Target from Analysts

News Co. (NASDAQ:NWSA) has earned a consensus rating of “Buy” from the four brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.33.

A number of research firms recently issued reports on NWSA. Guggenheim upped their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital dropped their target price on News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

Institutional Trading of News

Several institutional investors have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of News by 59.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock worth $1,987,000 after purchasing an additional 26,911 shares during the period. Qsemble Capital Management LP acquired a new position in News in the third quarter valued at $990,000. Barclays PLC boosted its position in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after acquiring an additional 8,144,856 shares during the last quarter. Lecap Asset Management Ltd. raised its position in shares of News by 313.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock worth $936,000 after acquiring an additional 26,648 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of News by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after purchasing an additional 53,550 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Stock Performance

NASDAQ:NWSA opened at $27.60 on Wednesday. News has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $28.56 and its 200 day simple moving average is $27.55. The firm has a market capitalization of $15.70 billion, a PE ratio of 44.52 and a beta of 1.35.

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.