News Co. (NASDAQ:NWSA) Receives $39.33 Consensus PT from Analysts

News Co. (NASDAQ:NWSA) has been given an average recommendation of “Buy” by the four research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.33.

A number of analysts recently commented on NWSA shares. StockNews.com raised News from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Loop Capital lowered their target price on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Guggenheim lifted their price target 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 Investors Weigh In On News

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in News by 24.8% during the 4th quarter. GAMMA Investing LLC now owns 8,211 shares of the company’s stock worth $226,000 after acquiring an additional 1,633 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in News by 30.3% during the third quarter. JPMorgan Chase & Co. now owns 1,458,869 shares of the company’s stock worth $38,850,000 after purchasing an additional 338,958 shares during the last quarter. Principal Financial Group Inc. grew its position in News by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 435,388 shares of the company’s stock worth $11,594,000 after purchasing an additional 12,345 shares in the last quarter. Tidal Investments LLC increased its stake in News by 148.7% in the 3rd quarter. Tidal Investments LLC now owns 22,050 shares of the company’s stock valued at $587,000 after buying an additional 13,184 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of News during the 3rd quarter worth approximately $85,000. Institutional investors own 66.97% of the company’s stock.

News Trading Up 0.6 %

NASDAQ:NWSA opened at $27.60 on Wednesday. The firm has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $27.55. News has a 12 month low of $22.65 and a 12 month high of $30.03. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 44.52 and a beta of 1.35. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

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.