Twenty-First Century Fox Inc (FOXA) Receives Average Rating of “Buy” from Analysts

Shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) have been given a consensus rating of “Buy” by the twenty-one analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $45.44.

A number of equities analysts recently commented on FOXA shares. Macquarie raised their target price on Twenty-First Century Fox from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Jefferies Financial Group restated a “buy” rating and set a $50.00 target price on shares of Twenty-First Century Fox in a report on Friday, August 10th. ValuEngine cut Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Cowen restated a “hold” rating and set a $49.00 target price on shares of Twenty-First Century Fox in a report on Sunday, August 12th.

Shares of NASDAQ FOXA traded down $0.08 during mid-day trading on Friday, reaching $45.73. 743,327 shares of the company’s stock were exchanged, compared to its average volume of 10,244,090. The stock has a market cap of $84.90 billion, a PE ratio of 23.35, a P/E/G ratio of 2.76 and a beta of 1.30. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. Twenty-First Century Fox has a 52-week low of $24.81 and a 52-week high of $50.15.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the business posted $0.36 EPS. Twenty-First Century Fox’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts predict that Twenty-First Century Fox will post 2 EPS for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th were given a $0.18 dividend. This represents a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, September 11th. Twenty-First Century Fox’s dividend payout ratio is currently 18.27%.

Several hedge funds and other institutional investors have recently modified their holdings of FOXA. Allianz Asset Management GmbH acquired a new stake in shares of Twenty-First Century Fox during the 1st quarter worth about $738,000. Ostrum Asset Management acquired a new stake in shares of Twenty-First Century Fox during the 1st quarter worth about $327,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Twenty-First Century Fox by 24.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,373 shares of the company’s stock worth $1,664,000 after buying an additional 9,037 shares during the last quarter. LPL Financial LLC grew its stake in Twenty-First Century Fox by 34.9% during the 1st quarter. LPL Financial LLC now owns 13,975 shares of the company’s stock worth $513,000 after buying an additional 3,614 shares during the last quarter. Finally, Scopus Asset Management L.P. purchased a new position in Twenty-First Century Fox during the 1st quarter worth approximately $3,669,000. 54.07% of the stock is currently 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.

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

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