News (NASDAQ:NWSA) Given New $40.00 Price Target at Guggenheim

News (NASDAQ:NWSA) had its target price boosted by Guggenheim from $36.00 to $40.00 in a report released on Tuesday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

NWSA has been the topic of several other research reports. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Loop Capital lifted their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

News Stock Up 0.3 %

Shares of NASDAQ NWSA opened at $29.33 on Tuesday. News has a 52-week low of $20.35 and a 52-week high of $30.03. The business’s 50 day moving average is $26.72 and its two-hundred day moving average is $26.86. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 47.31 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On News

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of News during the second quarter worth about $26,000. Acadian Asset Management LLC raised its position in shares of News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after acquiring an additional 506 shares in the last quarter. Covestor Ltd lifted its stake in News by 125.8% during the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after purchasing an additional 962 shares during the last quarter. Innealta Capital LLC acquired a new position in News in the second quarter valued at approximately $46,000. Finally, Family Firm Inc. purchased a new position in News in the second quarter valued at approximately $73,000. 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.