News Corp (NASDAQ:NWSA) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.30.
A number of research analysts have weighed in on NWSA shares. BidaskClub upgraded shares of News from a “strong sell” rating to a “sell” rating in a research note on Saturday. Credit Suisse Group upgraded shares of News from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $13.70 to $15.30 in a research note on Sunday, August 11th.
Shares of NASDAQ:NWSA opened at $13.21 on Friday. The company’s 50-day moving average is $13.26 and its 200 day moving average is $13.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $7.77 billion, a P/E ratio of 28.72 and a beta of 1.47. News has a fifty-two week low of $10.65 and a fifty-two week high of $14.65.
News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.39 billion. News had a negative net margin of 1.75% and a positive return on equity of 1.94%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. As a group, research analysts predict that News will post 0.38 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of News by 1.1% during the 1st quarter. FMR LLC now owns 1,212,125 shares of the company’s stock worth $15,079,000 after acquiring an additional 12,978 shares during the period. First Trust Advisors LP purchased a new stake in News during the first quarter valued at about $3,730,000. SG Americas Securities LLC lifted its holdings in News by 59.4% during the second quarter. SG Americas Securities LLC now owns 184,459 shares of the company’s stock valued at $2,488,000 after purchasing an additional 68,770 shares during the last quarter. Alpha Windward LLC lifted its holdings in News by 11.7% during the second quarter. Alpha Windward LLC now owns 41,337 shares of the company’s stock valued at $553,000 after purchasing an additional 4,317 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its position in News by 26.1% during the second quarter. Dupont Capital Management Corp now owns 135,626 shares of the company’s stock worth $1,830,000 after purchasing an additional 28,066 shares during the period. 62.29% of the stock is owned by institutional investors and hedge funds.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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