Analysts Set News Corporation (NASDAQ:NWSA) Target Price at $37.14

News Corporation (NASDAQ:NWSA) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.14.

Several equities analysts recently issued reports on NWSA shares. Weiss Ratings upgraded News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley restated an “overweight” rating and issued a $34.00 target price on shares of News in a report on Sunday, May 10th. Finally, Citigroup lowered their price target on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 13th.

Institutional Investors Weigh In On News

Institutional investors and hedge funds have recently bought and sold shares of the business. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of News by 4.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,521 shares of the company’s stock valued at $301,000 after acquiring an additional 496 shares in the last quarter. Farther Finance Advisors LLC increased its position in News by 23.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,648 shares of the company’s stock valued at $69,000 after purchasing an additional 498 shares during the period. Compound Planning Inc. raised its holdings in News by 5.0% in the 1st quarter. Compound Planning Inc. now owns 11,184 shares of the company’s stock worth $279,000 after purchasing an additional 537 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in News by 5.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,139 shares of the company’s stock worth $311,000 after purchasing an additional 563 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of News by 0.4% in the 4th quarter. Handelsbanken Fonder AB now owns 151,100 shares of the company’s stock worth $3,947,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Performance

News stock opened at $26.92 on Friday. The firm has a fifty day simple moving average of $26.15 and a two-hundred day simple moving average of $25.44. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. News has a twelve month low of $22.20 and a twelve month high of $31.61. The company has a market capitalization of $14.74 billion, a PE ratio of 13.39 and a beta of 0.89.

News (NASDAQ:NWSA) last announced its quarterly earnings data 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 return on equity of 6.12% and a net margin of 12.92%.The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts expect that News will post 0.92 EPS for the current year.

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.