Macquarie Upgrades News (NASDAQ:NWSA) to “Outperform”

Macquarie upgraded shares of News (NASDAQ:NWSAFree Report) from a neutral rating to an outperform rating in a report released on Thursday morning, Marketbeat.com reports.

NWSA has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their target price on News from $28.00 to $29.00 and gave the company an overweight rating in a report on Thursday, November 16th. StockNews.com upgraded News from a hold rating to a buy rating in a report on Friday, January 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $29.50.

Get Our Latest Research Report on News

News Price Performance

Shares of NASDAQ:NWSA opened at $26.04 on Thursday. The company has a market cap of $14.90 billion, a P/E ratio of 65.10 and a beta of 1.33. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. News has a 52 week low of $15.57 and a 52 week high of $28.00. The business has a fifty day simple moving average of $23.93 and a 200-day simple moving average of $21.90.

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

News Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its stake in shares of News by 5.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 104,419 shares of the company’s stock worth $2,563,000 after acquiring an additional 5,697 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of News by 10.4% in the fourth quarter. Neuberger Berman Group LLC now owns 41,856 shares of the company’s stock worth $1,028,000 after acquiring an additional 3,948 shares in the last quarter. US Bancorp DE lifted its stake in shares of News by 132.4% in the fourth quarter. US Bancorp DE now owns 17,982 shares of the company’s stock worth $441,000 after acquiring an additional 10,244 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of News by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 41,166 shares of the company’s stock worth $1,011,000 after acquiring an additional 1,321 shares in the last quarter. Finally, BNP Paribas Asset Management Holding S.A. lifted its stake in shares of News by 3.0% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 100,470 shares of the company’s stock worth $2,467,000 after acquiring an additional 2,883 shares in the last quarter. Institutional investors and hedge funds 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.

Read More

Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.