News (NASDAQ:NWSA) Given New $41.00 Price Target at Loop Capital

News (NASDAQ:NWSA) had its price objective dropped by equities research analysts at Loop Capital from $44.00 to $41.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s target price points to a potential upside of 45.13% from the company’s current price.

Several other brokerages have also recently weighed in on NWSA. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim boosted their target price on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, News has a consensus rating of “Moderate Buy” and an average target price of $39.33.

News Stock Performance

Shares of News stock opened at $28.25 on Monday. 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 business’s 50 day moving average price is $28.28 and its 200 day moving average price is $27.51. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 45.56 and a beta of 1.35. News has a one year low of $22.65 and a one year high of $30.03.

Institutional Trading of News

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

News Company Profile

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.