News Corp (NWSA) Receives $14.75 Consensus Price Target from Brokerages
News Corp (NASDAQ:NWSA) has received a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.75.
A number of analysts have issued reports on NWSA shares. Zacks Investment Research raised News from a “sell” rating to a “hold” rating in a research report on Wednesday, November 14th. Goldman Sachs Group raised News from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. ValuEngine raised News from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Loop Capital raised News from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, September 4th. Finally, UBS Group raised News from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 29th.
A number of large investors have recently added to or reduced their stakes in NWSA. Independent Franchise Partners LLP increased its position in News by 131.6% in the third quarter. Independent Franchise Partners LLP now owns 16,019,446 shares of the company’s stock worth $211,296,000 after buying an additional 9,101,914 shares during the last quarter. Vanguard Group Inc. increased its position in News by 8.0% in the third quarter. Vanguard Group Inc. now owns 53,363,720 shares of the company’s stock worth $705,422,000 after buying an additional 3,948,197 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in News by 39.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 7,477,881 shares of the company’s stock worth $98,633,000 after buying an additional 2,122,062 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in News in the third quarter worth $14,599,000. Finally, Janus Henderson Group PLC increased its position in News by 73.5% in the third quarter. Janus Henderson Group PLC now owns 2,071,114 shares of the company’s stock worth $27,317,000 after buying an additional 877,204 shares during the last quarter. 61.87% of the stock is owned by institutional investors and hedge funds.
News (NASDAQ:NWSA) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.12. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. News had a positive return on equity of 2.99% and a negative net margin of 15.61%. News’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that News will post 0.38 earnings per share for the current year.
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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