Loop Capital Cuts News (NASDAQ:NWSA) Price Target to $41.00

News (NASDAQ:NWSA) had its target price cut by Loop Capital from $44.00 to $41.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s target price suggests a potential upside of 47.16% from the company’s current price.

NWSA has been the subject of a number of other research reports. Guggenheim upped their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, News currently has an average rating of “Moderate Buy” and an average target price of $39.33.

News Trading Up 0.9 %

Shares of NASDAQ:NWSA opened at $27.86 on Monday. News has a 1 year low of $22.65 and a 1 year high of $30.03. The firm has a fifty day moving average price of $28.21 and a 200 day moving average price of $27.50. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $15.84 billion, a PE ratio of 44.94 and a beta of 1.35.

Hedge Funds Weigh In On News

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of News during the 2nd quarter worth approximately $26,000. Acadian Asset Management LLC increased its holdings in News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares during the period. Brooklyn Investment Group acquired a new position in shares of News in the 3rd quarter valued at $39,000. Innealta Capital LLC acquired a new stake in shares of News during the 2nd quarter valued at about $46,000. Finally, ORG Wealth Partners LLC bought a new position in News during the third quarter worth about $79,000. 66.97% of the stock is currently owned by institutional investors.

News Company Profile

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.