Twenty-First Century Fox (NASDAQ:FOXA) had its target price lifted by equities research analysts 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 target would suggest a potential upside of 12.98% from the stock’s previous close.
FOXA has been the topic of several other reports. Wells Fargo & Company reiterated an “outperform” rating on shares of Twenty-First Century Fox in a research report on Thursday, December 7th. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Twenty-First Century Fox in a research report on Monday, December 4th. BMO Capital Markets restated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Wednesday, November 22nd. KeyCorp restated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, November 19th. Finally, B. Riley boosted their price objective on Twenty-First Century Fox from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.39.
Twenty-First Century Fox (FOXA) traded down $1.35 on Thursday, hitting $32.75. The stock had a trading volume of 21,815,400 shares, compared to its average volume of 9,044,742. The stock has a market cap of $63,171.20, a PE ratio of 17.76, a PEG ratio of 2.34 and a beta of 1.34. The company has a current ratio of 2.08, a quick ratio of 1.73 and a debt-to-equity ratio of 1.09. Twenty-First Century Fox has a 52 week low of $24.81 and a 52 week high of $34.75.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $7 billion during 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%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. sell-side analysts predict that Twenty-First Century Fox will post 1.98 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its position in Twenty-First Century Fox by 21.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,954,527 shares of the company’s stock worth $77,940,000 after purchasing an additional 523,740 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Twenty-First Century Fox by 8.8% during 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 acquiring an additional 3,018,013 shares during the period. Americafirst Capital Management LLC acquired a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at about $243,000. Neuberger Berman Group LLC lifted its stake in Twenty-First Century Fox by 73.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 990,598 shares of the company’s stock valued at $26,132,000 after buying an additional 418,394 shares in the last quarter. Finally, Piedmont Investment Advisors LLC lifted its stake in Twenty-First Century Fox by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 224,959 shares of the company’s stock valued at $5,934,000 after buying an additional 2,070 shares in the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.
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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.