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.
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