News (NASDAQ:NWSA) Price Target Raised to $43.00 at Guggenheim

News (NASDAQ:NWSA) had its target price raised by Guggenheim from $40.00 to $43.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

NWSA has been the topic of several other reports. Loop Capital cut 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. Citigroup initiated coverage on News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, StockNews.com lowered News from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.25.

News Trading Down 0.1 %

Shares of NASDAQ:NWSA opened at $27.82 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a market capitalization of $15.82 billion, a P/E ratio of 44.87 and a beta of 1.35. The business’s 50-day moving average is $28.36 and its 200 day moving average is $27.54. News has a 1 year low of $22.65 and a 1 year high of $30.03.

News (NASDAQ:NWSA) last released its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business earned $0.16 EPS. On average, research analysts predict that News will post 0.87 earnings per share for the current fiscal year.

Institutional Trading of News

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in News in the third quarter valued at approximately $39,000. ORG Wealth Partners LLC purchased a new stake in News during the third quarter worth $79,000. Wilmington Savings Fund Society FSB purchased a new position in News in the third quarter valued at $85,000. Exchange Traded Concepts LLC boosted its stake in shares of News by 1,419.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock worth $134,000 after acquiring an additional 4,713 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of News during the 4th quarter valued at about $137,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About News

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.