News (NASDAQ:NWSA) Now Covered by Analysts at Citigroup

Analysts at Citigroup started coverage on shares of News (NASDAQ:NWSA) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set a “buy” rating and a $36.00 price target on the stock. Citigroup’s price objective points to a potential upside of 31.05% from the company’s current price.

Several other analysts also recently weighed in on NWSA. Guggenheim boosted their price target on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Loop Capital reduced their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $38.50.

News Stock Down 0.5 %

NWSA opened at $27.47 on Friday. The firm has a market capitalization of $15.62 billion, a P/E ratio of 44.31 and a beta of 1.35. 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 fifty day moving average price of $28.56 and a 200-day moving average price of $27.55. News has a one year low of $22.65 and a one year high of $30.03.

Institutional Investors Weigh In On News

Several hedge funds have recently modified their holdings of the business. First Hawaiian Bank boosted its position in News by 7.8% during the 4th quarter. First Hawaiian Bank now owns 12,423 shares of the company’s stock valued at $342,000 after acquiring an additional 900 shares in the last quarter. GAMMA Investing LLC boosted its position in News by 24.8% during the fourth quarter. GAMMA Investing LLC now owns 8,211 shares of the company’s stock valued at $226,000 after purchasing an additional 1,633 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in News by 30.3% in the third quarter. JPMorgan Chase & Co. now owns 1,458,869 shares of the company’s stock worth $38,850,000 after purchasing an additional 338,958 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of News by 2.9% during the third quarter. Principal Financial Group Inc. now owns 435,388 shares of the company’s stock valued at $11,594,000 after buying an additional 12,345 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of News by 148.7% in the 3rd quarter. Tidal Investments LLC now owns 22,050 shares of the company’s stock valued at $587,000 after buying an additional 13,184 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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.