News Corporation (NASDAQ:NWSA) Receives Consensus Rating of “Moderate Buy” from Brokerages

News Corporation (NASDAQ:NWSA) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.14.

NWSA has been the subject of several recent analyst reports. Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Citigroup lowered their target price on News from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $34.00 price objective on shares of News in a report on Sunday, May 10th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in News by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock worth $1,022,000 after buying an additional 1,950 shares during the last quarter. United Services Automobile Association bought a new position in News during the 1st quarter worth approximately $206,000. Empowered Funds LLC bought a new position in News during the 1st quarter worth approximately $204,000. Focus Partners Wealth lifted its holdings in News by 44.4% during the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after buying an additional 5,106 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in News during the 2nd quarter worth approximately $545,000. Institutional investors own 66.97% of the company’s stock.

News Stock Up 0.9%

Shares of News stock opened at $25.93 on Wednesday. The business has a 50-day moving average of $26.09 and a 200-day moving average of $25.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The company has a market capitalization of $14.20 billion, a PE ratio of 12.90 and a beta of 0.88. News has a 1-year low of $22.20 and a 1-year high of $31.61.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. As a group, equities analysts forecast that News will post 0.92 EPS for the current fiscal year.

About News

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.