Piper Jaffray Companies Analysts Give Twenty-First Century Fox (FOXA) a $40.00 Price Target

Twenty-First Century Fox (NASDAQ:FOXA) has been given a $40.00 target price by equities researchers at Piper Jaffray Companies in a report released on Saturday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ price target suggests a potential upside of 14.32% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $34.00 price objective (up from $28.00) on shares of Twenty-First Century Fox in a report on Friday. Pivotal Research lifted their price objective on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company reiterated an “outperform” rating on shares of Twenty-First Century Fox in a report on Thursday, December 7th. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price objective on shares of Twenty-First Century Fox in a report on Monday, December 4th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.72.

Twenty-First Century Fox (NASDAQ:FOXA) opened at $34.99 on Friday. The stock has a market cap of $64,819.96, a PE ratio of 18.22, a PEG ratio of 2.40 and a beta of 1.34. Twenty-First Century Fox has a twelve month low of $24.81 and a twelve month high of $35.86. The company has a current ratio of 2.08, a quick ratio of 1.73 and a debt-to-equity ratio of 1.09.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data 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. The firm 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 business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. sell-side analysts anticipate that Twenty-First Century Fox will post 1.98 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its holdings in Twenty-First Century Fox by 20.2% during the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock worth $2,425,384,000 after purchasing an additional 14,398,422 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Twenty-First Century Fox by 0.4% during the second quarter. Vanguard Group Inc. now owns 67,589,972 shares of the company’s stock worth $1,915,500,000 after purchasing an additional 287,817 shares during the last quarter. BlackRock Inc. boosted its holdings in Twenty-First Century Fox by 2.5% during the second quarter. BlackRock Inc. now owns 59,202,463 shares of the company’s stock worth $1,677,798,000 after purchasing an additional 1,432,981 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Twenty-First Century Fox by 8.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock worth $988,198,000 after acquiring an additional 3,018,013 shares during the period. Finally, Independent Franchise Partners LLP raised its position in Twenty-First Century Fox by 7.7% in the third quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock worth $749,050,000 after acquiring an additional 2,039,154 shares during the period. Institutional investors and hedge funds 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.

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

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