Guggenheim Forecasts Strong Price Appreciation for News (NASDAQ:NWSA) Stock

News (NASDAQ:NWSA) had its target price increased by research analysts at Guggenheim from $40.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price would indicate a potential upside of 54.29% from the company’s current price.

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

News Stock Performance

Shares of NWSA opened at $27.87 on Wednesday. The company has a 50-day moving average of $28.36 and a two-hundred day moving average of $27.54. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 44.95 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. News has a one year low of $22.65 and a one year high of $30.03.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates 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 business posted $0.16 EPS. On average, equities research analysts expect that News will post 0.91 earnings per share for the current year.

Institutional Trading of News

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Seelaus Asset Management LLC lifted its holdings in News by 3.8% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after purchasing an additional 417 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of News by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock worth $319,000 after buying an additional 422 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of News by 9.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after buying an additional 543 shares during the period. Pathstone Holdings LLC raised its holdings in News by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after acquiring an additional 730 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in News by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock worth $1,117,000 after acquiring an additional 774 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

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.