News Corporation (NASDAQ:NWSA) current consensus investment analysts is to Outperform
News Corporation (NASDAQ:NWSA) stock is presently standing at about $12.28 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 9 analysts covering the company is $14.49, which suggests the stock could still rise over 15 percent. The highest analyst price target is $17.50, which implies a rally of 57 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 1 rate NWSA a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.
BofA/Merrill analysts provided their view on News Corporation (NASDAQ:NWSA) recently. The rating firm issued a Underperform rating to this company in a research note released on Oct 27, 2016. Credit Agricole analysts disclosed their opinion on News Corporation (NASDAQ:NWSA) recently. The rating firm gave a Outperform rating to this stock in a research note published on May 09, 2016. According to a research note disclosed on Nov 09, 2015, analysts at Wells Fargo have lowered their rating on these shares from Outperform to Market Perform.
News Corporation (NASDAQ:NWSA) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its CFO Singh Bedi Ajay sold 29,857 company shares for 429640, in a transaction on 2016-10-03. Following the transaction, the CFO is left with a stake of 33,667 shares, currently valued at $413431. Meanwhile, Director MURDOCH JAMES R sold 630 shares worth $9090, through a transaction dated 2015-11-23. Following the completion of the transaction, the insider is left with a stake of 0 shares, amounting $0. NWSA Deputy CFO Halpin Kevin also sold 28,289 shares, at a stock price of $17.3. This transaction occurred on 2015-02-27 totals $489400. After this transaction, the insider’s stake stands at 0 shares, with a market value of $0.
Executives hold 0.01 percent of the stock. Mr. Bedi Ajay Singh is one of the biggest insider owners in News Corporation (NASDAQ:NWSA), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 33,667 shares which have current market value of around $413430.76.Mr. Kevin P. Halpin is another major inside shareholder in the company. The insider owns 27,703 shares as of less than 0.1%, currently worth $340192.84. Mr. David Pitofsky is ranked as third insider holder of the stock. This insider holds 9,214 shares with a market value around $113147.92 as of recent close.
News Corporation (NASDAQ:NWSA) Earnings Outlook
In News Corporation (NASDAQ:NWSA)’s latest quarter, EPS moved to $0.19 from $-0.01 in preceding quarter and revenues reached at $2,116.00M compared to $1,965.00M. Analysts had expected News Corporation (NASDAQ:NWSA) to post net income of about $0.18 per share on $2,120.03M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.01 to $0.04. That is compared with the $0.04 in EPS it reported during the same period a year ago.