Evercore Partners Increases News Corp Price Target to $19.00 (NWSA)
Evercore Partners raised their price objective on shares of News Corp (NASDAQ:NWSA) from $18.00 to $19.00 in a research note issued on Friday. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ price objective would indicate a potential upside of 11.05% from the company’s current price.
NWSA has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of News Corp in a research note on Monday. They now have a $18.00 price target on the stock. Separately, analysts at Credit Agricole downgraded shares of News Corp from an “outperform” rating to an “underperform” rating in a research note on Friday, August 8th. Finally, analysts at Jefferies Group initiated coverage on shares of News Corp in a research note on Wednesday, June 25th. They set a “buy” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. News Corp has a consensus rating of “Hold” and a consensus price target of $19.09.
News Corp (NASDAQ:NWSA) opened at 17.31 on Friday. News Corp has a one year low of $15.44 and a one year high of $18.53. The stock has a 50-day moving average of $17.90 and a 200-day moving average of $17.43. The company has a market cap of $10.022 billion and a price-to-earnings ratio of 41.83.
News Corp (NASDAQ:NWSA) last released its earnings data on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that News Corp will post $0.44 earnings per share for the current fiscal year.
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.