Twenty-First Century Fox, Inc. (NASDAQ:FOXA)’s share price shot up 6.2% on Friday after B. Riley raised their price target on the stock from $29.00 to $36.00. B. Riley currently has a neutral rating on the stock. Twenty-First Century Fox traded as high as $31.47 and last traded at $31.15. 35,335,608 shares traded hands during trading, an increase of 303% from the average session volume of 8,759,009 shares. The stock had previously closed at $29.32.
FOXA has been the topic of several other research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Tuesday, September 26th. Piper Jaffray Companies began coverage on Twenty-First Century Fox in a research report on Friday, August 11th. They issued an “overweight” rating and a $35.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective (down previously from $35.00) on shares of Twenty-First Century Fox in a research report on Thursday, November 9th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, September 10th. Finally, Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $33.65.
Large investors have recently made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of Twenty-First Century Fox by 1,328.3% in the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock worth $107,000 after purchasing an additional 3,520 shares during the last quarter. Mint Tower Capital Management B.V. acquired a new stake in Twenty-First Century Fox in the third quarter valued at approximately $110,000. Rockefeller Financial Services Inc. acquired a new stake in Twenty-First Century Fox in the third quarter valued at approximately $113,000. State of Alaska Department of Revenue grew its holdings in Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after purchasing an additional 200 shares during the period. Finally, Zions Bancorporation grew its holdings in Twenty-First Century Fox by 86.4% in the third quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after purchasing an additional 2,276 shares during the period. Hedge funds and other institutional investors own 53.45% of the company’s stock.
The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The firm has a market cap of $53,680.00, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.92 and a beta of 1.36.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the company earned $0.51 earnings per share. Twenty-First Century Fox’s quarterly revenue was up 7.6% compared to the same quarter last year. research analysts expect that Twenty-First Century Fox, Inc. will post 1.98 EPS for the current fiscal year.
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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