Analysts Set News Co. (NASDAQ:NWSA) PT at $38.67

News Co. (NASDAQ:NWSA) has been assigned an average rating of “Buy” from the four analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $40.33.

NWSA has been the topic of several analyst reports. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on News from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Loop Capital raised their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Guggenheim boosted their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Institutional Trading of News

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of News in the second quarter worth about $26,000. Acadian Asset Management LLC grew its stake in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares in the last quarter. Brooklyn Investment Group purchased a new position in News during the 3rd quarter worth $39,000. Innealta Capital LLC bought a new stake in News during the 2nd quarter valued at $46,000. Finally, Family Firm Inc. purchased a new stake in shares of News in the 2nd quarter worth $73,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Performance

News stock opened at $29.07 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News has a twelve month low of $21.85 and a twelve month high of $30.03. The company’s 50-day moving average price is $27.89 and its 200-day moving average price is $27.44. The company has a market cap of $16.53 billion, a PE ratio of 46.89 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.