News Corp (NASDAQ: NWSA) has benefited from exceptional positive changes in fundamentals: the consensus estimate for June, 2020 increased significantly, the stock’s power rating rose above 70, the consensus estimate for June, 2021 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, NWSA is expected to continue to be a modest Value Eraser.
News has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. News has a slightly negative Appreciation Score of 34 but a good Power Rating of 75, triggering the Neutral Value Trend Rating.
Recent Price Action
News Corp (NASDAQ: NWSA) stock rose modestly by 0.8% on 10/9/19. The stock closed at $13.07. However, trading volume in this advance was below average at 83% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.8% during the last week.