News Corporation (NASDAQ:NWSA) Receives Average Recommendation of “Moderate Buy” from Analysts

News Corporation (NASDAQ:NWSA) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $37.6750.

Several equities research analysts have recently issued reports on NWSA shares. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. JPMorgan Chase & Co. lowered their target price on News from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Guggenheim reduced their price objective on News from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 13th.

Institutional Trading of News

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in News by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after buying an additional 1,950 shares during the last quarter. United Services Automobile Association bought a new position in shares of News in the 1st quarter valued at about $206,000. Empowered Funds LLC acquired a new stake in shares of News in the first quarter valued at about $204,000. Focus Partners Wealth raised its holdings in News by 44.4% during the first quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after acquiring an additional 5,106 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in News during the second quarter valued at approximately $545,000. Institutional investors own 66.97% of the company’s stock.

News Stock Down 1.3%

Shares of News stock opened at $24.69 on Thursday. News has a 1 year low of $23.38 and a 1 year high of $31.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. The company has a market capitalization of $13.86 billion, a P/E ratio of 11.93 and a beta of 0.99. The business has a 50-day moving average of $26.20 and a two-hundred day moving average of $27.49.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.11 billion. News had a return on equity of 5.68% and a net margin of 13.80%.News’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. As a group, equities analysts predict that News will post 0.94 EPS for the current year.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.