Analysts Set News Corporation (NASDAQ:NWSA) PT at $37.95

News Corporation (NASDAQ:NWSA) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.34.

A number of analysts recently issued reports on NWSA shares. Zacks Research cut News from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. dropped their price objective on News from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of News in a research note on Monday. Finally, Guggenheim cut their price target on shares of News from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NWSA. Cullen Frost Bankers Inc. acquired a new stake in News in the 2nd quarter worth approximately $30,000. CYBER HORNET ETFs LLC acquired a new stake in shares of News in the second quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new position in News in the 3rd quarter valued at $31,000. Root Financial Partners LLC bought a new position in News in the 3rd quarter worth $35,000. Finally, Advisory Services Network LLC acquired a new position in News during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Trading Up 0.5%

NASDAQ:NWSA opened at $26.40 on Wednesday. The stock’s 50-day moving average is $26.00 and its two-hundred day moving average is $28.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. The stock has a market cap of $14.82 billion, a PE ratio of 12.75 and a beta of 0.97. News has a fifty-two week low of $23.38 and a fifty-two week high of $31.61.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. News had a net margin of 13.80% and a return on equity of 5.68%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue was down 16.8% on a year-over-year basis. As a group, equities research analysts forecast that News will post 0.94 earnings per share 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.