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

Shares of News Co. (NASDAQ:NWSA) have been given an average recommendation of “Buy” by the four brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.33.

A number of research firms have commented on NWSA. Guggenheim raised their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Finally, Loop Capital decreased their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd.

News Price Performance

Shares of News stock opened at $27.55 on Wednesday. The company has a 50-day simple moving average of $28.53 and a two-hundred day simple moving average of $27.54. News has a twelve month low of $22.65 and a twelve month high of $30.03. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 44.44 and a beta of 1.35. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NWSA. International Assets Investment Management LLC acquired a new position in News during the 2nd quarter worth approximately $26,000. Acadian Asset Management LLC increased its holdings in shares of News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after buying an additional 506 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of News in the 3rd quarter valued at $39,000. ORG Wealth Partners LLC acquired a new stake in shares of News during the 3rd quarter valued at $79,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in News in the 3rd quarter worth about $85,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

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.