News Corp (NWSA) Receives Average Rating of “Hold” from Analysts

News Corp (NASDAQ:NWSA) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.75.

A number of equities research analysts have weighed in on NWSA shares. Zacks Investment Research raised shares of News from a “sell” rating to a “hold” rating in a report on Friday, September 14th. UBS Group raised shares of News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. ValuEngine downgraded shares of News from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Goldman Sachs Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley downgraded shares of News from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $17.00 to $12.50 in a report on Monday, August 20th.

A number of hedge funds have recently bought and sold shares of NWSA. Dupont Capital Management Corp lifted its stake in News by 74.0% during the second quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after buying an additional 3,396 shares in the last quarter. Cadence Capital Management LLC purchased a new stake in News during the third quarter valued at about $138,000. Greenleaf Trust purchased a new stake in News during the second quarter valued at about $156,000. Signition LP purchased a new stake in News during the third quarter valued at about $160,000. Finally, Parametrica Management Ltd purchased a new stake in News during the third quarter valued at about $184,000. 60.49% of the stock is owned by institutional investors.

NASDAQ NWSA traded up $0.10 on Friday, reaching $14.24. The company’s stock had a trading volume of 3,770,524 shares, compared to its average volume of 4,772,427. News has a twelve month low of $12.23 and a twelve month high of $17.29. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 5.16 and a beta of 1.61.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.12. News had a negative net margin of 15.61% and a positive return on equity of 2.98%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company earned $0.07 EPS. News’s revenue was up 22.6% on a year-over-year basis. As a group, research analysts predict that News will post 0.38 earnings per share for the current year.

About News

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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Analyst Recommendations for News (NASDAQ:NWSA)

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