News (NASDAQ:NWSA) Upgraded to “Strong-Buy” at Seaport Res Ptn

Seaport Res Ptn upgraded shares of News (NASDAQ:NWSA) to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

Several other research firms have also commented on NWSA. Guggenheim lifted their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Citigroup initiated coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 target price on the stock. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Finally, Loop Capital reduced their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, News has an average rating of “Buy” and an average price target of $39.25.

News Price Performance

NASDAQ:NWSA opened at $28.12 on Friday. The company has a market capitalization of $15.99 billion, a P/E ratio of 45.35 and a beta of 1.35. The business’s 50-day moving average is $28.23 and its 200 day moving average is $27.56. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News has a 12 month low of $22.65 and a 12 month high of $30.03.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm posted $0.16 earnings per share. On average, equities research analysts forecast that News will post 0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On News

A number of hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in News in the third quarter worth approximately $39,000. R Squared Ltd purchased a new position in shares of News during the fourth quarter valued at $49,000. ORG Wealth Partners LLC purchased a new stake in News in the third quarter worth about $79,000. Wilmington Savings Fund Society FSB bought a new position in News during the 3rd quarter worth about $85,000. Finally, Principal Securities Inc. raised its holdings in shares of News by 18.5% in the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after purchasing an additional 521 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

About News

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.