News Corporation (NASDAQ:NWSA) Receives $39.20 Consensus PT from Analysts

Shares of News Corporation (NASDAQ:NWSA) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.20.

Several equities research analysts recently weighed in on NWSA shares. Wall Street Zen cut shares of News from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Morgan Stanley cut their price objective on shares of News from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Guggenheim reissued a “buy” rating and issued a $45.00 target price on shares of News in a report on Thursday, May 15th.

News Trading Down 0.4%

NWSA opened at $29.43 on Wednesday. News has a twelve month low of $23.38 and a twelve month high of $30.69. The company has a 50-day simple moving average of $27.91 and a 200 day simple moving average of $27.72. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 34.22 and a beta of 1.23.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a return on equity of 5.64% and a net margin of 5.18%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company earned $0.13 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts predict that News will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NWSA. Norges Bank bought a new position in shares of News in the fourth quarter worth about $172,357,000. Asset Value Investors Ltd bought a new position in shares of News in the fourth quarter worth about $122,391,000. Deutsche Bank AG raised its holdings in News by 291.2% in the 4th quarter. Deutsche Bank AG now owns 4,941,467 shares of the company’s stock valued at $136,088,000 after buying an additional 3,678,215 shares during the last quarter. Nuveen LLC bought a new position in News in the 1st quarter valued at approximately $85,213,000. Finally, Independent Franchise Partners LLP raised its holdings in News by 11.8% in the 4th quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company’s stock valued at $733,039,000 after buying an additional 2,812,080 shares during the last quarter. 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.