Wells Fargo Starts News Corp. (NWSA) at Outperform; Fastest Growth + Significant Cash + Attractive Valuation
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Price: $33.05 -0.51%
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade NWSA Now!
Wells Fargo initiates coverage on News Corp. (NASDAQ: NWSA) with an Outperform. PT $24-$26.
Wells analyst says, "(1) We see potential upside to numbers in almost all of NWSA’s segments. (2) Among its peers, we believe NWSA has the greatest growth prospects in both operating income and EBITDA for the next several years. (3) Management is committed to returning cash to shareholders, as evidenced by its $5 billion share repurchase authorization (we think there is more to come). And (4) we view NWSA's current valuation as attractive despite the recent run (up 4.5% versus the S&P, up 3.5% year to date), at 7.1x next-12-months (NTM) enterprise value (EV)-to-EBITDA and 11.9x NTM P/E, versus historical ranges of 8.1x and 12.3x, respectively."
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $18.88 yesterday, with a 52 week range of $13.38-$19.79.
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Wells analyst says, "(1) We see potential upside to numbers in almost all of NWSA’s segments. (2) Among its peers, we believe NWSA has the greatest growth prospects in both operating income and EBITDA for the next several years. (3) Management is committed to returning cash to shareholders, as evidenced by its $5 billion share repurchase authorization (we think there is more to come). And (4) we view NWSA's current valuation as attractive despite the recent run (up 4.5% versus the S&P, up 3.5% year to date), at 7.1x next-12-months (NTM) enterprise value (EV)-to-EBITDA and 11.9x NTM P/E, versus historical ranges of 8.1x and 12.3x, respectively."
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $18.88 yesterday, with a 52 week range of $13.38-$19.79.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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