Twenty-First Century Fox (FOXA) Hits New 52-Week High Following Analyst Upgrade
Twenty-First Century Fox, Inc. (NASDAQ:FOXA) reached a new 52-week high on Thursday after Pivotal Research raised their price target on the stock from $35.00 to $37.00. Pivotal Research currently has a buy rating on the stock. Twenty-First Century Fox traded as high as $34.81 and last traded at $32.75, with a volume of 21815400 shares. The stock had previously closed at $34.10.
Several other research analysts have also recently commented on the stock. B. Riley upped their target price on shares of Twenty-First Century Fox from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. Sanford C. Bernstein restated a “market perform” rating on shares of Twenty-First Century Fox in a research report on Tuesday, September 12th. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price (down previously from $35.00) on shares of Twenty-First Century Fox in a research report on Thursday, November 9th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 price target (down from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. Twenty-First Century Fox presently has a consensus rating of “Buy” and an average target price of $34.47.
Institutional investors have recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. acquired a new position in Twenty-First Century Fox in the 3rd quarter valued at approximately $110,000. Rockefeller Financial Services Inc. acquired a new position in shares of Twenty-First Century Fox during the 3rd quarter worth $113,000. Zions Bancorporation increased its stake in shares of Twenty-First Century Fox by 86.4% during the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock worth $130,000 after purchasing an additional 2,276 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of 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 purchasing an additional 451 shares during the last quarter. Finally, Tiedemann Wealth Management LLC acquired a new position in shares of Twenty-First Century Fox during the 3rd quarter worth $148,000. Hedge funds and other institutional investors own 54.50% of the company’s stock.
The stock has a market cap of $64,270.00, a P/E ratio of 17.76, a P/E/G ratio of 2.34 and a beta of 1.44. 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 (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Twenty-First Century Fox’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts expect that Twenty-First Century Fox, Inc. will post 1.98 earnings per share for the current year.
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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.
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