News Corporation (NASDAQ:NWSA) Receives $37.14 Average Price Target from Analysts

News Corporation (NASDAQ:NWSA) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $37.14.

NWSA has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $34.00 price target on shares of News in a report on Sunday, May 10th. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup cut their price target on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings lowered shares of News from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday.

News Stock Up 1.4%

NWSA stock opened at $26.27 on Friday. News has a 12 month low of $22.20 and a 12 month high of $31.61. The firm has a market cap of $14.38 billion, a PE ratio of 13.07 and a beta of 0.89. The firm has a 50 day simple moving average of $25.21 and a 200 day simple moving average of $25.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59.

News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts forecast that News will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NWSA. 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 period. United Services Automobile Association acquired a new position in News in the 1st quarter valued at approximately $206,000. Empowered Funds LLC acquired a new position in News in the 1st quarter valued at approximately $204,000. Focus Partners Wealth increased its stake in News by 44.4% in the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock valued at $452,000 after buying an additional 5,106 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in News in the 2nd quarter valued at approximately $545,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

About News

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.