Twenty-First Century Fox (FOXA) Receives “Buy” Rating from Rosenblatt Securities
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday. They presently have a $40.00 price target on the stock. Rosenblatt Securities’ target price points to a potential upside of 20.88% from the company’s current price.
Other equities research analysts have also issued research 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. Cowen reissued a “market perform” rating and set a $32.00 target price (down previously from $33.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 10th. Jefferies Group restated a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. KeyCorp restated a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Finally, Piper Jaffray Companies began coverage on Twenty-First Century Fox in a research note on Friday, August 11th. They set an “overweight” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. Twenty-First Century Fox presently has an average rating of “Buy” and an average price target of $33.95.
Twenty-First Century Fox (NASDAQ FOXA) traded up $0.90 during mid-day trading on Monday, reaching $33.09. The company’s stock had a trading volume of 15,878,400 shares, compared to its average volume of 8,766,666. 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 firm has a market cap of $61,560.00, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.21 and a beta of 1.44. Twenty-First Century Fox has a 52 week low of $24.81 and a 52 week high of $34.02.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $0.51 EPS. Twenty-First Century Fox’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts anticipate that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Twenty-First Century Fox in the second quarter valued at $365,000. Candriam Luxembourg S.C.A. grew its position in shares of Twenty-First Century Fox by 76.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock valued at $6,890,000 after purchasing an additional 113,484 shares during the period. JPMorgan Chase & Co. grew its position in shares of Twenty-First Century Fox by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after purchasing an additional 2,140,568 shares during the period. Financial Counselors Inc. grew its position in Twenty-First Century Fox by 80.0% during the second quarter. Financial Counselors Inc. now owns 304,272 shares of the company’s stock valued at $8,623,000 after acquiring an additional 135,241 shares during the period. Finally, Vivaldi Asset Management LLC grew its position in Twenty-First Century Fox by 656.5% during the second quarter. Vivaldi Asset Management LLC now owns 290,500 shares of the company’s stock valued at $8,233,000 after acquiring an additional 252,100 shares during the period. 54.50% of the stock is owned by institutional investors.
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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