Free Trial

Brokerages Set News Co. (NASDAQ:NWSA) Price Target at $39.25

News logo with Consumer Discretionary background
Remove Ads

News Co. (NASDAQ:NWSA - Get Free Report) has earned an average recommendation of "Buy" from the six research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has assigned a strong 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 $39.25.

Several research firms have weighed in on NWSA. Seaport Res Ptn upgraded News to a "strong-buy" rating in a research note on Friday, January 31st. Citigroup started coverage on News in a research report on Friday, January 10th. They issued a "buy" rating and a $36.00 target price on the stock. Loop Capital reduced their price target on shares of News from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. StockNews.com upgraded shares of News from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th.

View Our Latest Stock Report on News

News Price Performance

NASDAQ NWSA traded up $0.17 during midday trading on Monday, hitting $27.15. The company had a trading volume of 2,930,701 shares, compared to its average volume of 2,512,375. The company has a market capitalization of $15.40 billion, a PE ratio of 37.19 and a beta of 1.34. News has a twelve month low of $22.65 and a twelve month high of $30.69. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $28.20 and a 200-day moving average price of $27.79.

Remove Ads

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. As a group, analysts anticipate that News will post 0.94 earnings per share for the current fiscal year.

News Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, March 12th. News's payout ratio is currently 27.40%.

Institutional Trading of News

Several institutional investors have recently modified their holdings of NWSA. Vanguard Group Inc. increased its position in News by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock valued at $1,403,227,000 after purchasing an additional 632,721 shares during the period. Independent Franchise Partners LLP increased its position in shares of News by 11.8% during the fourth quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock worth $733,039,000 after buying an additional 2,812,080 shares during the period. State Street Corp raised its stake in News by 6.1% during 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 last quarter. Barclays PLC lifted its holdings in News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company's stock valued at $391,832,000 after buying an additional 8,144,856 shares during the period. Finally, Dodge & Cox boosted its position in News by 12.0% during the fourth quarter. Dodge & Cox now owns 11,662,685 shares of the company's stock valued at $321,190,000 after acquiring an additional 1,245,278 shares during the last quarter. Institutional investors own 66.97% of the company's stock.

About News

(Get Free Report

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.

Recommended Stories

Analyst Recommendations for News (NASDAQ:NWSA)

Should You Invest $1,000 in News Right Now?

Before you consider News, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and News wasn't on the list.

While News currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Will Tesla’s Robot Future Save Its Falling Stock?

Will Tesla’s Robot Future Save Its Falling Stock?

Tesla’s Future Is Robots, Not EVs? Renowned tech expert Jeff Brown shares why he believes Tesla’s biggest business will be robotics, not electric vehicles.

Related Videos

Tesla Sinks on Musk Drama—Bounce or Bigger Crash?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads