Twenty-First Century Fox (FOXA) Price Target Raised to $43.00 at Royal Bank of Canada
Twenty-First Century Fox (NASDAQ:FOXA) had its target price lifted by equities researchers at Royal Bank of Canada to $43.00 in a research note issued to investors on Wednesday, January 3rd, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 11.00% from the stock’s current price. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the company. B. Riley restated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Wednesday, November 1st. Jefferies Group restated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Pivotal Research boosted their price target on Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Piper Jaffray Companies set a $35.00 price target on Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Twenty-First Century Fox currently has an average rating of “Buy” and an average price target of $36.58.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at $38.74 on Wednesday. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $39.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73. The company has a market capitalization of $71,896.61, a price-to-earnings ratio of 20.21, a PEG ratio of 2.02 and a beta of 1.34.
A number of hedge funds have recently modified their holdings of FOXA. Beach Investment Management LLC. bought a new position in Twenty-First Century Fox in the 2nd quarter worth approximately $479,000. Calamos Advisors LLC lifted its position in Twenty-First Century Fox by 5.4% in the second quarter. Calamos Advisors LLC now owns 219,544 shares of the company’s stock worth $6,222,000 after purchasing an additional 11,209 shares during the period. IFM Investors Pty Ltd lifted its position in Twenty-First Century Fox by 112.4% in the second quarter. IFM Investors Pty Ltd now owns 29,682 shares of the company’s stock worth $841,000 after purchasing an additional 15,705 shares during the period. Schroder Investment Management Group acquired a new stake in Twenty-First Century Fox in the second quarter worth approximately $235,000. Finally, Commonwealth Bank of Australia lifted its position in Twenty-First Century Fox by 9.9% in the second quarter. Commonwealth Bank of Australia now owns 285,794 shares of the company’s stock worth $8,099,000 after purchasing an additional 25,651 shares during the period. 54.36% of the stock is owned by institutional investors and hedge funds.
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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