Shares of Phoenix New Media Ltd (NYSE:FENG) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $9.05 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Phoenix New Media an industry rank of 72 out of 255 based on the ratings given to related companies.
Several research firms have commented on FENG. ValuEngine raised shares of Phoenix New Media from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $10.00 target price on shares of Phoenix New Media in a research report on Wednesday, August 29th. Finally, Macquarie upped their price objective on shares of Phoenix New Media from $7.60 to $8.10 and gave the stock an “outperform” rating in a report on Thursday, August 16th.
FENG stock traded down $0.02 during trading hours on Monday, hitting $3.85. The company’s stock had a trading volume of 115,200 shares, compared to its average volume of 269,600. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $305.28 million, a price-to-earnings ratio of 48.13 and a beta of 2.25. Phoenix New Media has a 12 month low of $3.79 and a 12 month high of $8.14.
Phoenix New Media (NYSE:FENG) last posted its earnings results on Tuesday, August 14th. The information services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $54.78 million during the quarter. Phoenix New Media had a net margin of 2.14% and a return on equity of 1.31%. On average, research analysts expect that Phoenix New Media will post 0.09 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Phoenix New Media by 7.1% during the 1st quarter. BlackRock Inc. now owns 547,860 shares of the information services provider’s stock worth $2,383,000 after buying an additional 36,512 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Phoenix New Media by 741.9% during the 1st quarter. JPMorgan Chase & Co. now owns 27,133 shares of the information services provider’s stock worth $118,000 after buying an additional 23,910 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Phoenix New Media by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 242,005 shares of the information services provider’s stock worth $1,053,000 after buying an additional 18,641 shares during the period. Finally, Park West Asset Management LLC bought a new stake in shares of Phoenix New Media during the 1st quarter worth $1,728,000. 15.33% of the stock is owned by institutional investors and hedge funds.
Phoenix New Media Company Profile
Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.
Further Reading: Compound Annual Growth Rate (CAGR)
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