Twenty-First Century Fox, Inc. (FOXA) PT Raised to $36.00
Twenty-First Century Fox, Inc. (NASDAQ:FOXA) had its target price boosted by analysts at B. Riley from $29.00 to $36.00 in a report released on Friday. The brokerage currently has a “neutral” rating on the stock. B. Riley’s target price indicates a potential upside of 15.57% from the stock’s current price.
A number of other equities analysts have also commented on FOXA. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Saturday, July 22nd. Credit Suisse Group reissued a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. Cowen and Company reissued a “market perform” rating and issued a $32.00 price objective (down previously from $33.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies started coverage on Twenty-First Century Fox in a research note on Friday, August 11th. They issued an “overweight” rating and a $35.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. Twenty-First Century Fox presently has a consensus rating of “Buy” and a consensus target price of $33.65.
Shares of Twenty-First Century Fox (NASDAQ FOXA) opened at $31.15 on Friday. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $32.60. The firm has a market capitalization of $57,660.39, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.80 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. equities research analysts anticipate that Twenty-First Century Fox will post 1.98 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of FOXA. Grove Bank & Trust raised its position in shares of Twenty-First Century Fox by 1,328.3% in the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock worth $107,000 after buying an additional 3,520 shares in the last quarter. Mint Tower Capital Management B.V. purchased a new stake in shares of Twenty-First Century Fox in the third quarter worth $110,000. Rockefeller Financial Services Inc. bought a new position in Twenty-First Century Fox in the third quarter valued at $113,000. State of Alaska Department of Revenue increased its stake in Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after acquiring an additional 200 shares during the last quarter. Finally, Zions Bancorporation increased its stake in Twenty-First Century Fox by 86.4% in the third quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after acquiring an additional 2,276 shares during the last quarter. Institutional investors own 53.45% of the company’s stock.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.
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