Loop Capital Increases News (NASDAQ:NWSA) Price Target to $44.00

News (NASDAQ:NWSA) had its price objective boosted by research analysts at Loop Capital from $41.00 to $44.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price objective indicates a potential upside of 51.41% from the stock’s previous close.

Several other research firms also recently issued reports on NWSA. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Guggenheim increased their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $40.33.

News Stock Down 1.1 %

Shares of NWSA stock opened at $29.06 on Monday. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 46.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $27.43. News has a twelve month low of $21.85 and a twelve month high of $30.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of News by 6.1% in the 3rd quarter. State Street Corp now owns 25,799,596 shares of the company’s stock worth $689,397,000 after acquiring an additional 1,476,224 shares in the last quarter. Barclays PLC grew its stake in shares of News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of News by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,622,246 shares of the company’s stock valued at $255,457,000 after purchasing an additional 90,419 shares in the last quarter. Metropolis Capital Ltd lifted its holdings in News by 8.9% during the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after buying an additional 555,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in News by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after buying an additional 53,550 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.