Piper Jaffray Companies Initiates Coverage on Twenty-First Century Fox, Inc. (NASDAQ:FOXA)

Stock analysts at Piper Jaffray Companies assumed coverage on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a research note issued to investors on Friday. The firm set a “buy” rating and a $35.00 price target on the stock. Piper Jaffray Companies’ target price indicates a potential upside of 25.54% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Rosenblatt Securities upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Friday, May 12th. Guggenheim restated a “buy” rating and issued a $35.00 price objective (up previously from $34.00) on shares of Twenty-First Century Fox in a research note on Friday, April 14th. BMO Capital Markets set a $36.00 price objective on Twenty-First Century Fox and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and a consensus price target of $33.23.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 27.88 on Friday. Twenty-First Century Fox has a one year low of $23.33 and a one year high of $32.60. The firm’s 50-day moving average price is $28.13 and its 200 day moving average price is $29.37. The firm has a market cap of $51.60 billion, a P/E ratio of 17.15 and a beta of 1.27.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a return on equity of 22.94% and a net margin of 10.36%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Twenty-First Century Fox’s revenue was up 1.5% compared to the same quarter last year. Analysts predict that Twenty-First Century Fox will post $2.03 EPS for the current year.

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A number of hedge funds have recently modified their holdings of the company. Candriam Luxembourg S.C.A. boosted its stake in shares of Twenty-First Century Fox by 16.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 187,574 shares of the company’s stock worth $6,076,000 after buying an additional 26,359 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Twenty-First Century Fox during the first quarter worth about $134,000. Oakbrook Investments LLC boosted its stake in shares of Twenty-First Century Fox by 91.9% in the first quarter. Oakbrook Investments LLC now owns 146,000 shares of the company’s stock worth $4,729,000 after buying an additional 69,900 shares during the period. Hartford Financial Management Inc. boosted its stake in shares of Twenty-First Century Fox by 2.4% in the first quarter. Hartford Financial Management Inc. now owns 46,575 shares of the company’s stock worth $1,508,000 after buying an additional 1,108 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Twenty-First Century Fox during the first quarter worth about $1,811,000. 53.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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