News (NASDAQ:NWSA) Stock Price Expected to Rise, Guggenheim Analyst Says

News (NASDAQ:NWSA) had its price objective boosted by investment analysts at Guggenheim from $40.00 to $43.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 54.29% from the stock’s previous close.

A number of other research analysts have also commented on the company. Loop Capital cut their target price on News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Citigroup started coverage on shares of News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, News presently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

News Price Performance

Shares of News stock opened at $27.87 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The company has a market cap of $15.85 billion, a PE ratio of 44.95 and a beta of 1.35. The firm has a fifty day moving average price of $28.36 and a two-hundred day moving average price of $27.54. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03.

News (NASDAQ:NWSA) last released its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.56 billion. News had a net margin of 3.49% and a return on equity of 4.76%. During the same quarter last year, the company earned $0.16 earnings per share. Analysts expect that News will post 0.91 EPS for the current year.

Hedge Funds Weigh In On News

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in News in the third quarter valued at approximately $39,000. R Squared Ltd bought a new stake in shares of News in the 4th quarter valued at $49,000. ORG Wealth Partners LLC acquired a new stake in News during the 3rd quarter worth $79,000. Wilmington Savings Fund Society FSB bought a new position in News during the third quarter worth about $85,000. Finally, Exchange Traded Concepts LLC grew its stake in News by 1,419.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after acquiring an additional 4,713 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.