Twenty-First Century Fox (NASDAQ:FOXA) had its price target lifted by equities researchers at Pivotal Research from $35.00 to $37.00 in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price objective indicates a potential upside of 12.98% from the stock’s current price.
A number of other research analysts have also commented on FOXA. B. Riley reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Tuesday, September 26th. Wells Fargo & Company reiterated an “outperform” rating on shares of Twenty-First Century Fox in a research report on Thursday, December 7th. Piper Jaffray Companies reiterated a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, September 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Twenty-First Century Fox in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.39.
Twenty-First Century Fox (NASDAQ:FOXA) traded down $1.35 during midday trading on Thursday, reaching $32.75. The company had a trading volume of 21,815,400 shares, compared to its average volume of 9,044,742. The company has a market cap of $63,171.20, a price-to-earnings ratio of 17.76, a PEG ratio of 2.34 and a beta of 1.34. Twenty-First Century Fox has a 1-year low of $24.81 and a 1-year high of $34.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. Twenty-First Century Fox’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. research analysts anticipate that Twenty-First Century Fox will post 1.98 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its stake in shares of Twenty-First Century Fox by 21.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,954,527 shares of the company’s stock valued at $77,940,000 after purchasing an additional 523,740 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Twenty-First Century Fox by 8.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after purchasing an additional 3,018,013 shares during the period. Americafirst Capital Management LLC acquired a new stake in Twenty-First Century Fox during the 3rd quarter worth $243,000. Neuberger Berman Group LLC raised its stake in Twenty-First Century Fox by 73.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 990,598 shares of the company’s stock worth $26,132,000 after buying an additional 418,394 shares during the period. Finally, Piedmont Investment Advisors LLC raised its stake in Twenty-First Century Fox by 0.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 224,959 shares of the company’s stock worth $5,934,000 after buying an additional 2,070 shares during the period. 54.50% of the stock is currently owned by institutional investors.
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Twenty-First Century Fox Company Profile
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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