Jefferies Group Boosts Twenty-First Century Fox (FOXA) Price Target to $43.00

Twenty-First Century Fox (NASDAQ:FOXA) had its price target lifted by Jefferies Group from $30.00 to $43.00 in a research note issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 22.47% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. B. Riley reissued a “neutral” rating on shares of Twenty-First Century Fox in a research note on Wednesday, November 1st. Loop Capital downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Thursday. KeyCorp reissued a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Pivotal Research lifted their price target on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Piper Jaffray Companies set a $35.00 price target on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. Twenty-First Century Fox currently has an average rating of “Buy” and an average target price of $35.16.

Twenty-First Century Fox (NASDAQ FOXA) opened at $35.11 on Friday. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $35.86. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $63,486.13, a price-to-earnings ratio of 17.85, a PEG ratio of 2.07 and a beta of 1.34.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. sell-side analysts forecast that Twenty-First Century Fox will post 1.98 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC grew its holdings in Twenty-First Century Fox by 1.2% during the 2nd quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock worth $241,000 after acquiring an additional 99 shares in the last quarter. Nordea Investment Management AB grew its holdings in Twenty-First Century Fox by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock worth $1,565,000 after acquiring an additional 282 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in Twenty-First Century Fox by 2.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,781 shares of the company’s stock worth $425,000 after acquiring an additional 375 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Twenty-First Century Fox by 2.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 15,802 shares of the company’s stock worth $448,000 after acquiring an additional 398 shares in the last quarter. Finally, Global X Management Co. LLC grew its holdings in Twenty-First Century Fox by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock worth $145,000 after acquiring an additional 451 shares in the last quarter. 54.37% of the stock is 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.

The Fly

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