Jefferies Believes News Corp (NASDAQ: NWSA) Still Has Room to Grow

By Austin Angelo

Jefferies analyst John Janedis reiterated a Buy rating on News Corp (NASDAQ: NWSA) on July 27 and set a price target of $17. The company’s shares closed on Friday at $14.39, close to its 52-week high of $14.68.

According to TipRanks.com, Janedis is a top 100 analyst with an average return of 11.0% and a 71.2% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

Currently, the analyst consensus on News Corp is Moderate Buy and the average price target is $17, representing a 18.1% upside.

In a report issued on July 14, Rosenblatt Securities also initiated coverage with a Buy rating on the stock with a $17 price target.

The company has a one year high of $14.68 and a one year low of $10.99. Currently, News Corp has an average volume of 1.67M.

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News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Cable Network Programming, and Other.