Guggenheim Issues Positive Forecast for News (NASDAQ:NWSA) Stock Price

News (NASDAQ:NWSA) had its target price boosted by Guggenheim from $40.00 to $43.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Citigroup started coverage on News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Loop Capital dropped 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, News currently has an average rating of “Moderate Buy” and an average price target of $39.25.

News Price Performance

News stock opened at $27.82 on Wednesday. News has a 12-month low of $22.65 and a 12-month high of $30.03. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $28.36 and a 200-day moving average price of $27.54. The firm has a market capitalization of $15.82 billion, a PE ratio of 44.87 and a beta of 1.35.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. News had a return on equity of 4.76% and a net margin of 3.49%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, equities research analysts forecast that News will post 0.87 EPS for the current year.

Institutional Investors Weigh In On News

Large investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in News by 68.5% during the fourth quarter. Blue Trust Inc. now owns 11,627 shares of the company’s stock valued at $310,000 after buying an additional 4,726 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of News by 8.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,783 shares of the company’s stock valued at $325,000 after acquiring an additional 950 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of News by 21.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,114 shares of the company’s stock worth $168,000 after purchasing an additional 1,069 shares during the last quarter. Ballentine Partners LLC boosted its position in News by 3.8% during the fourth quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock valued at $319,000 after purchasing an additional 422 shares in the last quarter. Finally, Clarius Group LLC purchased a new position in News in the fourth quarter valued at about $201,000. 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.