Shares of News Co. (NASDAQ:NWSA – Get Free Report) have earned an average rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.25.
Several research firms have recently weighed in on NWSA. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup started coverage on shares of News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price objective on the stock. Guggenheim increased their target price on News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Loop Capital reduced their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd.
Read Our Latest Stock Analysis on News
News Trading Down 1.0 %
News (NASDAQ:NWSA – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, beating 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 firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, equities analysts forecast that News will post 0.91 EPS for the current fiscal year.
Institutional Trading of News
Several hedge funds have recently modified their holdings of NWSA. Brooklyn Investment Group bought a new stake in shares of News in the 3rd quarter valued at approximately $39,000. R Squared Ltd bought a new stake in News in the fourth quarter worth $49,000. ORG Wealth Partners LLC purchased a new stake in News in the 3rd quarter worth about $79,000. Wilmington Savings Fund Society FSB bought a new stake in shares of News during the 3rd quarter worth approximately $85,000. Finally, FNY Investment Advisers LLC purchased a new stake in News in the fourth quarter worth $137,000. 66.97% of the stock is owned by hedge funds and other institutional investors.
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.
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