21st Century Fox’s (FOXA) “Hold” Rating Reaffirmed at Pivotal Research

21st Century Fox (NASDAQ:FOXA)‘s stock had its “hold” rating restated by Pivotal Research in a report released on Tuesday. They currently have a $35.00 price target on the stock. Pivotal Research’s target price suggests a potential downside of 5.51% from the stock’s current price.

Several other brokerages have also recently issued reports on FOXA. Loop Capital started coverage on 21st Century Fox in a report on Thursday, March 15th. They issued a “buy” rating and a $43.00 target price for the company. Royal Bank of Canada upped their target price on 21st Century Fox to $43.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. BMO Capital Markets increased their price target on 21st Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Cowen reiterated a “hold” rating and set a $39.00 price target on shares of 21st Century Fox in a report on Friday, December 29th. Finally, Wells Fargo upgraded 21st Century Fox to a “market weight” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.33.

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Shares of NASDAQ:FOXA opened at $37.04 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.16 and a quick ratio of 1.77. The firm has a market capitalization of $68,154.51, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.96 and a beta of 1.31. 21st Century Fox has a 52-week low of $24.81 and a 52-week high of $39.13.

21st Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $7.94 billion. 21st Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. equities analysts expect that 21st Century Fox will post 2.04 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its holdings in 21st Century Fox by 37.7% during the 3rd quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock valued at $62,410,000 after acquiring an additional 647,790 shares during the period. Koch Industries Inc. boosted its holdings in 21st Century Fox by 2,375.3% during the 4th quarter. Koch Industries Inc. now owns 261,689 shares of the company’s stock valued at $9,036,000 after acquiring an additional 251,117 shares during the period. Coastline Trust Co purchased a new position in 21st Century Fox during the 4th quarter valued at about $311,000. DnB Asset Management AS boosted its holdings in 21st Century Fox by 25.3% during the 4th quarter. DnB Asset Management AS now owns 142,850 shares of the company’s stock valued at $4,933,000 after acquiring an additional 28,800 shares during the period. Finally, Rhumbline Advisers boosted its holdings in 21st Century Fox by 2.4% during the 4th quarter. Rhumbline Advisers now owns 1,894,185 shares of the company’s stock valued at $65,406,000 after acquiring an additional 45,081 shares during the period. Institutional investors own 53.78% of the company’s stock.

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21st Century Fox Company Profile

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

Analyst Recommendations for 21st Century Fox (NASDAQ:FOXA)

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