Twenty-First Century Fox (FOXA) PT Set at $40.00 by Piper Jaffray Companies
Twenty-First Century Fox (NASDAQ:FOXA) has been assigned a $40.00 price objective by investment 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 objective suggests a potential upside of 14.32% from the company’s current price.
A number of other analysts have also recently commented on the stock. B. Riley boosted 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 note on Friday, November 17th. Sanford C. Bernstein reissued a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. KeyCorp reissued 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. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 target price (down previously from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. Finally, Credit Suisse Group restated an “outperform” rating and set a $35.00 price target (down from $37.00) on shares of Twenty-First Century Fox in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.72.
Shares of Twenty-First Century Fox (NASDAQ FOXA) opened at $34.99 on Friday. The company has a market cap of $64,210.00, a PE ratio of 18.22, a PEG ratio of 2.40 and a beta of 1.44. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $35.86.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. research analysts forecast that Twenty-First Century Fox will post 1.98 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mint Tower Capital Management B.V. acquired a new position in Twenty-First Century Fox in the 3rd quarter valued at about $110,000. Rockefeller Financial Services Inc. acquired a new position in Twenty-First Century Fox in the 3rd quarter valued at about $113,000. Zions Bancorporation boosted its holdings in Twenty-First Century Fox by 86.4% in the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after purchasing an additional 2,276 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Twenty-First Century Fox by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock valued at $145,000 after purchasing an additional 451 shares during the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in Twenty-First Century Fox in the 3rd quarter valued at about $150,000. 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.
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