Twenty-First Century Fox (FOXA) Given a $40.00 Price Target by Piper Jaffray Companies Analysts
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.
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