Twenty-First Century Fox Inc (NASDAQ:FOXA) has earned an average recommendation of “Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $47.20.
Several research firms have recently issued reports on FOXA. Wolfe Research began coverage on shares of Twenty-First Century Fox in a research note on Friday. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Gabelli reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, November 27th. Morgan Stanley raised their price target on shares of Twenty-First Century Fox from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $45.00 price target on shares of Twenty-First Century Fox in a research note on Thursday, November 8th.
Shares of FOXA stock traded down $0.24 during trading hours on Monday, hitting $49.26. 12,879,573 shares of the company’s stock traded hands, compared to its average volume of 12,108,425. The company has a market capitalization of $91.70 billion, a P/E ratio of 25.01, a PEG ratio of 2.66 and a beta of 1.25. Twenty-First Century Fox has a 12 month low of $32.35 and a 12 month high of $50.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.96 and a current ratio of 2.45.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $7.18 billion during the quarter, compared to the consensus estimate of $7.23 billion. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, sell-side analysts forecast that Twenty-First Century Fox will post 1.99 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FOXA. Arrowgrass Capital Partners US LP acquired a new stake in Twenty-First Century Fox in the second quarter worth $147,582,000. Busey Trust CO grew its holdings in shares of Twenty-First Century Fox by 1.4% during the third quarter. Busey Trust CO now owns 122,472 shares of the company’s stock valued at $5,674,000 after buying an additional 1,748 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Twenty-First Century Fox by 53.0% during the second quarter. Millennium Management LLC now owns 929,836 shares of the company’s stock valued at $46,204,000 after buying an additional 321,968 shares during the last quarter. Silchester International Investors LLP grew its holdings in shares of Twenty-First Century Fox by 22.2% during the second quarter. Silchester International Investors LLP now owns 90,673 shares of the company’s stock valued at $4,506,000 after buying an additional 16,467 shares during the last quarter. Finally, Addison Capital Co grew its holdings in shares of Twenty-First Century Fox by 33.7% during the third quarter. Addison Capital Co now owns 62,859 shares of the company’s stock valued at $2,912,000 after buying an additional 15,837 shares during the last quarter. 52.93% of the stock is owned by institutional investors and hedge funds.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.
Further Reading: Terms to Better Understand Call Options
Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.