Wells Fargo Starts News Corp. (NWSA) at Outperform; Fastest Growth + Significant Cash + Attractive Valuation
Tweet
Share
E-mailGet Alerts NWSA Hot Sheet
Price: $29.16 --0%
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Starts Huntington Bancshares (HBAN) at Overweight
- Yesway Inc (YSWY) PT Raised to $32 at Guggenheim
- Wells Fargo says CTAs bought US equities, gold and Treasuries
Create E-mail Alert Related Categories
New CoverageRelated Entities
Standard & Poor's, Stock Buyback, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
