Analyst Revises News Corporation (NASDAQ:NWS) Stock Target


News Corporation (NASDAQ:NWS) mean price target has been set at $32.600 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.000 in the near-term quarter and $1.390 for the ongoing fiscal. The market cap of News Corporation was recorded at $8.18B after the stock closed at $14.150 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. News Corporation (NASDAQ:NWS) has a P/E ratio of 46.246. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

News Corporation (NASDAQ:NWS) PEG ratio sits at 0.000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of News Corporation visibly illustrates that the 50-day MA of News Corporation is $13.101, and stock is trading $1.004 points away or +7.660% from its 50-day moving average of $13.101. Further it is trading $1.591 or +12.717% away its 200-day moving average of $12.514. News Corporation (NASDAQ:NWS) 52-week high is $15.740 and the 52-week low is $10.740. This represents that if the stock moves $-1.635 points up on the chart to it will make a 52-week high. But, if it declines +31.331%, then the shares price can hit a new 52-week low.

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