Twenty-First Century Fox, Inc. (NASDAQ:FOXA)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Thursday. They currently have a $35.00 target price on the stock, up from their prior target price of $33.00. Royal Bank Of Canada’s price objective indicates a potential upside of 24.07% from the company’s previous close.
Several other analysts also recently weighed in on the company. Cowen and Company restated a “market perform” rating and set a $32.00 target price (down from $33.00) on shares of Twenty-First Century Fox in a research note on Thursday. Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Saturday, July 22nd. Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. Finally, Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. Twenty-First Century Fox presently has a consensus rating of “Buy” and a consensus price target of $33.23.
Twenty-First Century Fox (NASDAQ:FOXA) opened at 28.21 on Thursday. The stock’s 50 day moving average price is $28.17 and its 200 day moving average price is $29.35. The firm has a market capitalization of $52.30 billion, a PE ratio of 17.73 and a beta of 1.27. Twenty-First Century Fox has a 52-week low of $23.33 and a 52-week high of $32.60.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.79 billion. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Analysts expect that Twenty-First Century Fox will post $2.03 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in FOXA. Israel Discount Bank of New York acquired a new stake in Twenty-First Century Fox during the first quarter worth $828,000. Atria Investments LLC boosted its stake in Twenty-First Century Fox by 9.3% in the first quarter. Atria Investments LLC now owns 16,444 shares of the company’s stock worth $533,000 after buying an additional 1,403 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in Twenty-First Century Fox by 6.8% in the first quarter. Beese Fulmer Investment Management Inc. now owns 154,698 shares of the company’s stock worth $5,011,000 after buying an additional 9,799 shares during the period. Balasa Dinverno & Foltz LLC acquired a new stake in Twenty-First Century Fox during the first quarter worth $203,000. Finally, Wright Investors Service Inc. boosted its stake in Twenty-First Century Fox by 1.6% in the second quarter. Wright Investors Service Inc. now owns 27,100 shares of the company’s stock worth $768,000 after buying an additional 415 shares during the period. 53.96% of the stock is currently 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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