Twenty-First Century Fox (NASDAQ:FOXA) has been given a $40.00 price objective by equities research analysts at Piper Jaffray Companies in a report released on Saturday. The brokerage currently has a “buy” rating on the stock. Piper Jaffray Companies’ price target would indicate a potential upside of 14.32% from the stock’s previous close.

Other research analysts have also issued reports about the company. B. Riley reissued a “neutral” rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. Pivotal Research raised their price objective on Twenty-First Century Fox from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp restated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Jefferies Group restated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $34.00 target price (up from $28.00) on shares of Twenty-First Century Fox in a research note on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.72.

Twenty-First Century Fox (NASDAQ FOXA) opened at $34.99 on Friday. 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 has a 52-week low of $24.81 and a 52-week high of $35.86. The firm has a market capitalization of $64,819.96, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.40 and a beta of 1.34.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the company posted $0.51 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. analysts predict that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of FOXA. Capital Research Global Investors boosted its stake in Twenty-First Century Fox by 20.2% in the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock valued at $2,425,384,000 after acquiring an additional 14,398,422 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Twenty-First Century Fox by 8.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after buying an additional 3,018,013 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Twenty-First Century Fox by 17.4% during the second quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock valued at $500,285,000 after buying an additional 2,621,748 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Twenty-First Century Fox by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after buying an additional 2,140,568 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Twenty-First Century Fox by 7.7% during the third quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock valued at $749,050,000 after buying an additional 2,039,154 shares during the last quarter. Institutional investors own 54.50% of the company’s stock.

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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.

Analyst Recommendations for Twenty-First Century Fox (NASDAQ:FOXA)

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