Analysts Set News Co. (NASDAQ:NWSA) Price Target at $29.50

Shares of News Co. (NASDAQ:NWSAGet Free Report) have received an average recommendation of “Buy” from the four ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $29.50.

Several analysts have weighed in on NWSA shares. Macquarie raised News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. increased their target price on News from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, November 16th. TheStreet raised News from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research note on Friday, January 19th.

View Our Latest Analysis on NWSA

News Stock Up 0.1 %

NWSA opened at $26.07 on Thursday. News has a fifty-two week low of $15.57 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. The firm’s fifty day moving average price is $24.01 and its two-hundred day moving average price is $21.95. The company has a market capitalization of $14.91 billion, a P/E ratio of 65.18 and a beta of 1.33.

News (NASDAQ:NWSAGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, analysts anticipate that News will post 0.74 EPS for the current year.

News Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.10 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 12th. News’s payout ratio is 50.00%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ieq Capital LLC purchased a new position in News in the third quarter worth $253,000. National Bank of Canada FI lifted its stake in shares of News by 66.9% in the 2nd quarter. National Bank of Canada FI now owns 95,037 shares of the company’s stock valued at $1,858,000 after purchasing an additional 38,085 shares during the period. New York Life Investment Management LLC increased its position in News by 35.9% during the 2nd quarter. New York Life Investment Management LLC now owns 72,052 shares of the company’s stock valued at $1,405,000 after buying an additional 19,046 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of News by 3.7% in the second quarter. Forsta AP Fonden now owns 231,700 shares of the company’s stock worth $4,518,000 after acquiring an additional 8,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in News by 6.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,864 shares of the company’s stock valued at $1,148,000 after purchasing an additional 3,466 shares in the last quarter. Institutional investors own 65.55% of the company’s stock.

News Company Profile

(Get Free Report

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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