News (NASDAQ:NWSA) Price Target Raised to $43.00

News (NASDAQ:NWSA) had its price target raised by Guggenheim from $40.00 to $43.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

NWSA has been the subject of a number of other research reports. Citigroup began coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Loop Capital dropped 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. Finally, StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, News has an average rating of “Buy” and an average target price of $39.25.

News Trading Up 0.8 %

Shares of NWSA opened at $28.08 on Wednesday. News has a 1-year low of $22.65 and a 1-year high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $28.33 and a 200-day simple moving average of $27.55. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 45.29 and a beta of 1.35.

News (NASDAQ:NWSA) last posted its quarterly earnings data 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 return on equity of 4.76% and a net margin of 3.49%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the company earned $0.16 earnings per share. Equities analysts forecast that News will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On News

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of News by 124.0% during the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after acquiring an additional 8,144,856 shares in the last quarter. Assenagon Asset Management S.A. raised its position in News by 374.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company’s stock valued at $59,488,000 after purchasing an additional 1,704,944 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of News during the third quarter worth about $44,585,000. State Street Corp boosted its position in shares of News by 6.1% in the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock worth $689,397,000 after buying an additional 1,476,224 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of News by 1,815.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock valued at $37,632,000 after buying an additional 1,339,379 shares in the last quarter. 66.97% of the stock is currently 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.