News Co. (NASDAQ:NWSA) Receives Average Recommendation of “Buy” from Brokerages

News Co. (NASDAQ:NWSA) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.00.

A number of analysts have recently weighed in on NWSA shares. Morgan Stanley raised News from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $15.00 to $30.00 in a research note on Friday, February 12th. Guggenheim raised shares of News from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, March 24th. Finally, JPMorgan Chase & Co. upgraded shares of News from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a research report on Wednesday, January 27th. They noted that the move was a valuation call.

NASDAQ NWSA traded up $0.45 during trading on Friday, hitting $26.70. 1,778,010 shares of the company’s stock traded hands, compared to its average volume of 3,602,532. The stock has a fifty day moving average of $26.44 and a two-hundred day moving average of $21.39. News has a 12-month low of $10.52 and a 12-month high of $27.97. The firm has a market cap of $15.77 billion, a P/E ratio of -15.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.18.

News (NASDAQ:NWSA) last released its earnings results on Thursday, May 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. News had a positive return on equity of 1.70% and a negative net margin of 11.47%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the company posted $0.03 EPS. News’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts expect that News will post 0.23 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. City Holding Co. purchased a new position in shares of News during the first quarter valued at about $28,000. Childress Capital Advisors LLC purchased a new position in shares of News during the 4th quarter worth approximately $27,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of News in the 4th quarter worth approximately $29,000. Lazard Asset Management LLC purchased a new position in shares of News in the 4th quarter valued at approximately $34,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of News by 155.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,413 shares of the company’s stock valued at $61,000 after purchasing an additional 1,467 shares in the last quarter. 61.15% of the stock is owned by hedge funds and other institutional investors.

News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, and MarketWatch through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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